Private equity takes hit
Private equity companies are facing just as many challenges as their publicly-listed counterparts, according to the latest State Street Private Equity Index.
For the third quarter of last year the index revealed an 8.4 per cent decline.
Commenting on the result, State Street Corporation vice president Gerard J Labonte said private equity companies were facing the same difficult economic conditions that were affecting public markets.
"As private companies are reassessing and revising downward their near-term growth outlooks in the face of a global recession and tight credit markets, private company valuations are also under pressure to be reduced," he said.
AUTHOR
Mike Taylor
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