RETURNS from private equity will be more muted in future because banks are less willing to lend to the sector, Standard Life Investments’ Paul McKellar has warned.
Mr McKellar, manager of Standard Life European Private Equity Trust, said: “We have got higher equity contributions and lower debt going into the deals.
“It is a question of what managers do with their deals.
“We are going to see lower internal rates of return .
“People are likely to hold the deals for longer and that has been true... Read More
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