Portfolio Cos. Lingering On Buyout Funds' Books: Report

Law360, New York (August 17, 2012, 5:27 PM EDT) -- Continued global financial uncertainty is leading many buyout funds to hold on to portfolio companies longer than intended, according to data released Friday by Preqin that shows only 28 percent of deals made in 2006 and 19 percent of 2007 deals have been fully exited by general partners.

Buyout funds made a record number of deals during 2006 and 2007, with those years seeing an aggregate $1.3 trillion worth of private equity-backed buyout transactions, more than the aggregate value for all of the deals closed in...
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