News & Events

Corporate Partner Pete Gilman was quoted in an article on the growing market for PE buyout funds worth less than $1 billion and the resulting new opportunities for attorneys to assist fund managers. The article, titled “More First-Time PE Funds Means More Opportunity For Attys,” discusses how investors have shown a growing propensity to seek out smaller funds with more niche focuses in an effort to diversify their portfolios. The article also highlights how the proliferation of PE fundraising for multibillion-dollar funds has fueled an increase in competition between fund managers trying to woo limited partners. “Today’s PE fundraising environment is very crowded, with the number of firms seeking to raise capital at an all-time high,” Pete said. “It’s no surprise that we are seeing an uptick in the number of first-time funds seeking to raise capital in the PE space, driven in part by increasing investor demand for specialized or niche investment strategies to complement their exposure to traditional mega funds, and in part by the overall expansion of the alternative investment asset class.”

To read the article, please click here (subscription required).