Despite grappling with uncertainty in numerous forms during the first half of 2016, the private equity industry is confident that investor appetite and deals are on the upswing, and experts say attorneys must help their clients set realistic goals while not dampening their enthusiasm.
Private equity has faced its share of challenges in 2016, from unease over the upcoming administration change in the U.S. and the U.K.’s vote to withdraw from the European Union, to global market volatility and an overall deal-making slump in the first quarter contributing to an uncertain marketplace.
Howard Berkower, a partner in McCarter & English LLP’s corporate practice, said the bullishness displayed by private equity fund managers comes as no surprise as they tend to have a few common traits.
“[They] are generally very optimistic and upbeat,” he told Law360. “And they are supremely confident.”