When PrivateEquityOnline.com launched almost eight years ago, no one but the most visionary of executives could have predicted the scale of private equity's success.
Now, even in the turmoil of today's credit crunch, few would bet against the industry continuing its dramatic growth. A bank-captive placement agent told PEO last week that despite manifold uncertainties surrounding the unproven case for mega funds; challenges from both politicians and regulators; and a potentially worsening economic environment, he could foresee a trillion Dollar fundraising year within half a decade.
This is far from the cottage industry of a decade ago. Increasingly sophisticated investors and managers deserve increasingly sophisticated coverage. New PEO, or PEO 2.0 as we have taken to branding it internally, will cater to that need.
We will strive to deliver relevant news in a timely and targeted fashion to give you the trade website the industry deserves. Our news is now segemented through a number of new channels, such as Listed PE, People or LP Watch, to allow you to find the stories that interest you more efficiently.
We will also be commenting more frequently on the big issues of the day, building on the strengths of our Friday Newsletter, which will continue to offer authoritative editorial from the industry's largest team of PE-focussed writers.
And true to our coverage to date, we will continue to offer you a global perspective from our offices in London, New York and Singapore. It is more of what we have been doing now for some time: check out our archive of 11,000 articles.
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We look forward to hearing your feedback on the new site. And of course to hearing your news.