{"id":43957,"date":"2017-11-26T16:12:32","date_gmt":"2017-11-26T14:12:32","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/private-equity-investments-after-the-crisis-looking-ahead\/"},"modified":"2017-11-26T16:12:32","modified_gmt":"2017-11-26T14:12:32","slug":"private-equity-investments-after-the-crisis-the-look-ahead","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/private-equity-investments-after-the-crisis-the-look-ahead\/","title":{"rendered":"Private equity investments after the crisis: looking ahead"},"content":{"rendered":"

Jeremy P. Golding<\/strong> \u2014 Foun\u00adder and Mana\u00adging Direc\u00adtor of Golding Capi\u00adtal Part\u00adners GmbH, Munich, Germany<\/p>\n","protected":false},"excerpt":{"rendered":"

Thanks to their exper\u00adtise in deal\u00ading with corpo\u00adrate and capi\u00adtal struc\u00adtures, expe\u00adri\u00aden\u00adced private equity mana\u00adgers are well placed to lead their compa\u00adnies out of the crisis. Histo\u00adri\u00adcally, a weak econo\u00admic envi\u00adron\u00adment has even proven to be favorable for ente\u00adring into a private equity enga\u00adge\u00adment. The prere\u00adqui\u00adsite for success on the inves\u00adtor side remains careful stra\u00adte\u00adgic plan\u00adning and holi\u00adstic support for the invest\u00adment, from liqui\u00addity plan\u00adning to reporting.<\/strong><\/p>\n

The image of the private equity market in Germany has chan\u00adged in recent years, from an unknown niche to the play\u00adground of specu\u00adla\u00adtive \u201clocusts\u201d to an important and cons\u00adtruc\u00adtive part of the econo\u00admic cycle. Accor\u00addin\u00adgly, more and more insti\u00adtu\u00adtio\u00adnal and other inves\u00adtors have become recep\u00adtive to the asset class, contri\u00adbu\u00adting to the accep\u00adtance and growth of private equity. The finan\u00adcial crisis has now put this image trans\u00adfor\u00adma\u00adtion to the test once again. Fund\u00adrai\u00adsing and invest\u00adment volu\u00admes in the private equity market have drop\u00adped signi\u00adfi\u00adcantly for the time being, and some inves\u00adtors are asking them\u00adsel\u00adves whether private equity invest\u00adment is the right way to achieve stable and attrac\u00adtive returns after the shock of the crisis.<\/p>\n

Anyone who keeps a long-term perspec\u00adtive and looks ahead must answer this ques\u00adtion in the affir\u00adma\u00adtive. Expe\u00adri\u00adence has shown that the quality of the fund manage\u00adment is more important for the deve\u00adlo\u00adp\u00adment of a private equity fund than the respec\u00adtive market envi\u00adron\u00adment; this has been confirmed once again in this crisis. Private equity funds, which are usually the main owners of their port\u00adfo\u00adlio compa\u00adnies and are in inten\u00adsive dialog with manage\u00adment, can and must imple\u00adment neces\u00adsary cost-cutting and restruc\u00adtu\u00adring measu\u00adres quickly and consis\u00adt\u00adently in order to protect the company \u2014 and thus also their invest\u00adment. This was precis\u00adely what was now obser\u00adved on the market. In many cases, costs were redu\u00adced, some\u00adti\u00admes radi\u00adcally, liqui\u00addity was secu\u00adred, and where appro\u00adpriate and neces\u00adsary, the funds injec\u00adted equity and\/or worked with lenders to find new ways to finance<\/p>\n","protected":false},"featured_media":40978,"comment_status":"open","ping_status":"closed","template":"","meta":{"wp_typography_post_enhancements_disabled":false},"product_brand":[],"product_cat":[2452,2472,2511],"product_tag":[1765,1771,2045,2048,2054],"class_list":{"0":"post-43957","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-ebook-en","7":"product_cat-jeremy-p-golding-en","8":"product_cat-fyb-2010-2","9":"product_tag-jeremy-p-golding-en","10":"product_tag-asset-class","11":"product_tag-capital-structure","12":"product_tag-liquidity-planning","13":"product_tag-economic-cycle","14":"pa_sprache-english-3","15":"pa_sprache-german","17":"first","18":"outofstock","19":"taxable","20":"shipping-taxable","21":"purchasable","22":"product-type-variable"},"yoast_head":"\nPrivate equity investments after the crisis: looking ahead - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/produkt\/private-equity-investments-after-the-crisis-the-look-ahead\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private equity investments after the crisis: looking ahead - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Thanks to their expertise in dealing with corporate and capital structures, experienced private equity managers are well placed to lead their companies out of the crisis. Historically, a weak economic environment has even proven to be favorable for entering into a private equity engagement. The prerequisite for success on the investor side remains careful strategic planning and holistic support for the investment, from liquidity planning to reporting. The image of the private equity market in Germany has changed in recent years, from an unknown niche to the playground of speculative "locusts" to an important and constructive part of the economic cycle. Accordingly, more and more institutional and other investors have become receptive to the asset class, contributing to the acceptance and growth of private equity. The financial crisis has now put this image transformation to the test once again. 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