4 Tips To Help Rookie Funds Woo Investors

Law360, New York (May 14, 2013, 7:51 PM EDT) -- It's tough out there for a rookie. Closes by first-time private equity sponsors hit a six-year low in the first quarter, so Law360 asked experts to share tips for pushing maiden funds across the finish line.

Just 28 debut funds closed between January and March, accounting for only 6 percent of the $67 billion raised, according to Preqin, a private equity database. Since 2007, committed capital secured by first-timers has fallen by two-thirds, far outpacing the general decline in fundraising. Less than half of institutional investors...
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