Not such Super Returns: industry faces up to new world
Last week’s SuperReturn conference in Berlin was an opportunity for some of the leading faces in the industry to meet to discuss the new reality the private equity world faces. They tried to look beyond the gloomy headlines to see what their business might be like in the future. Financial News reporters covered the conference. Below is a snapshot of some of the things they wrote.
By
Paul Hodkinson
and
Duncan Wood in Berlin
Private equity firms need to adapt to the new realities of global recession or become irrelevant, according to Henry Kravis, founding partner of Kohlberg Kravis Roberts.
Kravis told the conference that access to capital remains limited and warned that private equity firms had to accept that in this environment, "transactions will be smaller and will use less leverage - that's a fact. We have to adapt and if we don't we'll get left out."
