'Much of the work in private equity has shifted to portfolio company improvement,' says Michael Choe, CEO of Charlesbank, which invested in Accordion in September.
GPs will soon have to report on sponsor-initiated secondaries deals within 60 days from the end of each quarter, after the US regulator voted through the proposals Wednesday.
Relatively strong marks are pushing portfolios out of balance and forcing a discussion about why PE isn’t experiencing the kind of pain seen in the broader economy.