
Fundraising a chief concern for Nordic PE professionals

While the AIFM Directive was on everybody's agenda last year, fundraising is the main concern for most of the private equity practitioners polled in the latest unquote" Nordic Survey.
Regulatory constraints, which last year were investors' main cause for concern (63%), dropped this year with just 23% of respondents singling it out as the biggest issue currently facing private equity funds. And despite a string of sizeable – and profitable – divestments having been completed in the first half of 2012, the difficulty to exit portfolio companies is also high on the respondents' agenda.
With only seven funds closed in 2011 – an all-time low since 2003 – the region seems to have difficulty convincing investors of the potential it holds. Local sentiment is slightly at odds with this reality though – a majority (63%) of respondents foresee an increase of LP commitments this year. Local players also seem confident in their ability to navigate a tough fundraising trail: 70% of respondents intend to raise another fund targeting Nordic countries in the next 12-24 months.
This buoyant mood stems in part from the confidence in the region's ability to dodge the storm brewing on the rest of the continent: 69% of respondents believe the current macroeconomic conditions are the key differentiating element between the Nordic private equity market and other European countries.
To view the commented survey results in full, download the Nordic Survey 2012 here.
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