Around 40% of private equity players expect legal action against them to increase

Almost 40% of private equity practitioners believe legal action against their firms and executives will increase, according to research by Marsh, the world's leading risk and insurance services firm. Surprisingly, the majority, 60%, of professionals surveyed admit they have no formal processes in place to assess and manage the management risks which may give rise to such legal action. The report, Private Equity Management Liability Research, publishes findings from confidential interviews with 100 CEOs, CFOs and investment directors within private equity firms across Europe. It also includes findings from interviews with the insurers who underwrite such risk. Private equity respondents believed that the most likely/willing parties to bring a claim against their firm would be limited partners (29%), purchasers of portfolio companies (28%) and minority shareholders (16%).

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