The success and growth of private equity in the future will require not only investing wisely, but embracing a deeper meaning of the term “invested”, according to Nemir Kirdar, Executive Chairman and CEO of global alternative asset manager, Investcorp.
In the keynote address to an audience of over 400 private equity executives this week in Dubai at the SuperReturn conference, Nemir Kirdar said that the private equity industry could not confine itself to putting funds to use, but also had to put in time and talent to ensure the success of its investments if it were to continue to achieve strong returns while managing risk.
He pointed out that private equity today had a profound impact upon global capital markets and, with over $700 billion in investors capital, had emerged as an enormous financial power accounting for 20% of global mergers and acquisitions and 60% of US IPOs.
Today, he believed, private equity still had the ability to create its own future: “It is not constrained by the entrenched interests or growth limits of any one industry and is empowered to go wherever it believes there is an opportunity.
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