BDO, an accounting and consulting firm, has released the findings from its third annual PErspective study, which involved the survey of over 100 senior executives at PE firms throughout the U.S., conducted from October through December 2011. According to the study, the quality of new deals will remain steady, and the majority of private equity fund managers expect to close two or three deals during the next 12 months—still a limited deal flow, but a notable increase from 2011 when nearly half of fund managers reported closing no new deals.
Private equity professionals continue to be confident in their ability to close deals, according to the survey. The majority of respondents remain committed to their primary investment strategies, with only 7% reporting having asked their limited partners to allow them to change strategies. Furthermore, respondents are hopeful that they will deploy more capital in the coming year.
The survey revealed that the majority of respondents, 67%, saw the overall value of their current portfolio increase during the past 12 months—only a slight decrease from last year's study when 70% of respondents saw such an increase.
PitchBook assisted BDO in the conducting and analysis of the survey. To see the results, click here.