THIRD QUARTER 2009

MORE HEADLINES

Evolution in Terms & Conditions
Alignment of interests has always been a cornerstone of FEG’s efforts to build relationships with...

Private Equity: Venture
Investors in venture capital funds have suffered over the last ten years.

Private Equity: Buyout
The global buyout market continued to be plagued by difficult credit markets.

Private Equity: Special Sits
We remain unconvinced that the strength of the rally in lower rated issuers will continue,...

Private Real Estate
Commercial real estate fundamentals continued to deteriorate in the third quarter of 2009.

Natural Resources: Timber
Demand for timber and wood products declined during the third quarter.

Natural Resources: Energy
While oil prices were stable during the quarter, natural gas prices reached multi-year lows.

PRIVATE CAPITAL OVERVIEW

During the third quarter, market activity in most segments of the private capital markets continued at a increasing but muted pace – the exception being distressed investing. Distressed trading continued at record pace and corporate credits rebounded strongly year-to-date and in the 3rd quarter. Abundant opportunities remain. Despite the muted pace, venture and buyout funds posted positive performance for the quarter ended June 30th (the most recent data available), participating to some degree in the public market rebound. Through this down cycle, private investments outperformed public markets.

:: Read More ::