As GP‑stakes deals spread deeper into the middle market, the challenge is maintaining the high underwriting standards that have defined the strategy so far. The risk isn’t a lack of opportunities, but that discipline slips as firms seek additional capital.Private equity firms are increasingly looking for solutions as liquidity and distributions have dried up. Warren Teichner, senior partner and co-lead of the private capital practice at consultant McKinsey & Company, said that “there is no d...
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