The rapid deterioration in private equity performance will be revealed on Friday as Europe’s buy-out industry announces negative returns of 26.4 per cent for 2008 and one of the industry’s biggest US investors unveils big falls across its portfolio.
The European Private Equity and Venture Capital Association, representing 1,300 groups, will publish its annual performance report, showing how dramatically the industry, particularly mega-buy-outs, has reversed from the black into the red.
