The need for speed leads firms to throw more resources behind due diligence

With huge amounts of capital competing for high quality assets, due diligence processes are under pressure.

Private equity and private credit collectively raised $1.3 trillion between 2017 and the first quarter of this year – a massive sum that has driven tighter pricing, looser documents and addback-ridden EBITDA definitions.

Against that backdrop, private equity firms and their lenders are sometimes conducting due diligence in a shorter timeframe.

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