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Michael Wolitzer Quoted in the Financial Times on Private Equity Boom
Corporate Partner Michael Wolitzer was quoted in the
Financial Times in an article discussing increased investor cash flow in funds, setting new records for fundraising and resulting in buyout groups turning money away at their fastest rate ever. According to Thompson Reuters, buyout volumes are expected to accelerate this year after a record $1.1 trillion pledged by investors in 2017, a 27% rise in annual buyout volumes from the previous year. Michael comments that “the fundraising environment is very robust,” a fact supported by Palico, an online marketplace for funds, which notes a record 770 first-time private equity funds are currently seeking capital – a 48% increase since the previous high of 520 in 2008.
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