Fundraising and secondary advisers to the private equity community have benefited from the financial crisis. This is because the complexity of financial matters these days has led more and more clients to seek advice, says Antoine Dréan, Founder, Chairman and CEO of Triago, Europe's first independent private equity placement agent.
Dréan said the Middle East remained "rich" and a source of enormous liquidity. "There is money coming out of the ground every day," he told Emirates Business.
"There was over-leveraging in some countries and companies. This needs to be treated and that is what happening now. It doesn't mean that people are completely broke, it means there is a mess that needs to be taken care of before they invest again."
No comments:
Post a Comment