It’s no secret that private equity firms have been very busy buying, selling and fundraising over the past few years. In 2014, private equity fundraising exceeded all but the peak totals of 2007. Fundraising in 2015 is on pace to be high once again, proving—as if there were any doubt—that limited partners have had a renewed interest in the asset class. For their part, private equity firms are more than happy to accommodate. This has shifted the balance of power slightly back to the general partners. However, LPs don’t want to buy into just any private equity firm. LPs want certain attributes from their private equity partners today--below are five features they are seeking. (For more on fundraising, watch our video with RLJ Equity Partners' T. Otey Smith, below.)

 

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