Incremental changes in private equity market forces over time may have set the stage for profound evolution in the structure of the industry.

In the wake of the "Great Recession," several trends have become evident. Many smaller investors-high net-worth individuals and small family offices-are less inclined to lock up money in long-term "blind pool" partnership structures, in part due to recurring market volatility. But many larger family offices and institutional investors, while aggressively seeking PE, have a new interest in funding transactions on a deal-by-deal basis, retaining investment discretion and control over their overall exposure.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.