Blayne Grady Quoted in The Deal on PE Outlook for 2016
Blayne Grady, a partner in Akin Gump’s investment management practice, has been quoted by The Deal in the article “It could be uphill for PE after a record year,” looking at the outlook for the private equity industry in 2016.
The article notes that while private equity had a very strong 2015, the third quarter weakened somewhat due to concerns about global economic growth. According to the article, some financings were pulled with other credits being repriced, adding a bit of volatility to the markets.
For his part, Grady said, “Since we’ve come out of the financial crisis, each year seems to present more and more activity in fund raising. At this point, we’re as close to the pre-crisis activity level as we’ve seen yet.” He added that he is not sure the rate of change will continue but he does not expect the boisterous fund raising environment to slow appreciably, saying, “I suspect it’s more likely to plateau.”