EUROPE - No overhang, but concerns regarding returns say LPs

'There is no capital overhang,' according to Urs Wietlisbach at Partners Group, speaking at the EVCA Investors' Forum in Geneva on Wednesday. As Thomson revealed that nearly EUR 90bn was raised for investment last year, panelists were quick to point out that the rate of drawdown for LP commitments has increased by around 50% - an indication that the capital raised is indeed being put to work more quickly. This, however, means that LPs have to make investment decisions more quickly and with less information than they were once used to as funds return to market more quickly than ever.