PE Firms Set Modest Goals As Market Favors Smaller Deals

Law360, New York (January 28, 2014, 3:36 PM EST) -- Buyout firms have scaled down fundraising efforts to better accommodate a seller's market with a dearth of big-ticket targets up for grabs, and experts say the shift will have a lasting impact as the industry reshapes itself in the wake of the financial crisis.

In recent months, a more conservative fundraising approach has cemented its place in the industry. Several prominent private equity names, including Thomas H. Lee Partners LP and Warburg Pincus LLC, dramatically slashed targets for their latest pools. Thomas H. Lee reportedly cut...
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