New York (HedgeCo.Net)- According to the Private Equity Growth Capital Council’s latest Private Equity Decision Makers Survey, 75 percent of decision makers responsible for investment decisions at private equity firms think the nation’s economy is headed in the right direction, an improvement of 21 points since June 2014.
Nearly four-in-five (79 percent) of investment decision makers say a majority of their portfolio companies are hiring and making new investments. According to the results, 55 percent of decision makers believe the investment environment over the next twelve months will be either very or somewhat favorable.
“We are seeing positive indications for a strong 2015,” said Steve Judge, President and CEO of the PEGCC. “Within both the private equity environment and the broader economy, there is enthusiasm for investment and putting capital to work in the coming year.”
The survey polled investment decision makers on which sectors of the economy they think will provide the greatest opportunity for private equity investment over the next twelve months. According to the results, 24 percent of respondents said the technology industry is most promising, while 21 percent pointed to oil and gas. This is a shift from the June poll, when oil and gas ranked in first place and technology in fourth place.
Private equity decision makers identified the best opportunities in today’s market as small and mid caps, and when asked to consider a global perspective, they indicated that they are looking to the markets in Asia for new international investing prospects.
For the second time this year, the PEGCC polled private equity professionals who are involved in the decision-making process at their respective firms about their views on the economy and the private equity investment environment. Full study (pdf).
Alex Akesson
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