Resource published Tue, Nov 22, 2016 at 08:35AM UTC edited Tue, Nov 22, 2016 at 08:35AM UTC
Mercury Capital Advisors - Alan Pardee quoted in Private Funds Management Edit Title
Competition for capital remains fierce, with potential LPs more rigorous in their due diligence and more cautious than they have been in years. A sterling track record, a stable team and a differentiated strategy are now merely the price of admittance in the hunt for capital.
Snagging LPs and raising funds is more difficult than ever. “We had a market embracing risk in ‘13 and ‘14,” says Alan Pardee of Mercury Capital Advisors. “So if three guys left a big firm and talked about their record in a sector that made sense, those funds were getting raised, but that’s harder today.”
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