The resilient private equity industry wasn’t immune to the broader downturn last year. But even as the PE fundraising environment gets trickier, some insiders see pockets of opportunity—especially for certain limited partners.
Jill Shaw, a managing director of endowments and foundations at Cambridge Associates, which builds portfolios and advises LPs, argues that the downturn could actually bode well for certain LPs with cash to spend in PE funds. That’s because some more sought-after PE fund managers are already more open to accepting new LPs into their funds as their longtime investors may be overallocated to the asset class and therefore pulling back, says Shaw.
