LPs Bullish On Private Equity, But Not All Firms Reap Rewards

Law360, New York (August 1, 2012, 7:41 PM EDT) -- A new private equity industry report says 90 percent of limited partners are planning to increase their investments over the long term, but fundraising attorneys say that figure obscures a gap between the the biggest names in buyouts — who are sailing past huge fund targets — and those having a harder time hitting their goals.

Two fund managers have missed targets in the past six weeks. Billionaire Wilbur Ross Jr. raised just one-third of the $2 billion he was seeking for a new distressed fund,...
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