Track record hinges on underwriting

As the cycle has worn on, memories of the global financial crisis have faded – and so have credit agreement standards. Andrew Hedlund reports

Limited partners put an almost unanimous emphasis on a general partner’s track record when deciding which firms to invest with.

Some 97.6 percent of respondents in our annual PDI Perspectives 2019 investor survey said it forms a major part of the due diligence process when examining potential funds in which to invest.

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