Deals
EQT Chief Predicts Major Private Equity Consolidation Wave
- Christian Sinding sees smaller firms struggle to raise funds
- Investors asking tougher questions on performance, CEO says
Christian Sinding, chief executive officer of EQT
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
EQT AB Chief Executive Officer Christian Sinding sees consolidation on the horizon for alternative asset managers due to fundraising pressures and challenging financing conditions.
“There are more than 7,500 private equity firms out there,” Sinding said in an interview ahead of the industry’s annual SuperReturn International conference in Berlin. “As the industry matures we will see a major consolidation wave leaving us with a dozen global firms and niche players — the rest will be stuck in the middle.”