More than half (58 percent) of financial institutions plan to raise fresh capital in 2014, according to a North American Distressed Debt Outlook survey put together by trade publication Debtwire and law firm Bingham McCutchen LLP, the Wall Street Journal reported today. That’s up from 43 percent of respondents to a similar survey last year. The survey queried professionals from 100 private equity firms, hedge funds, institutional investors and sell-side trading desks in November and December to give their outlook on the distressed picture for 2014. Hedge fund managers accounted for 40 percent of respondents, while the other investor types accounted for 20 percent each. Distressed debt and turnaround managers in private equity raised $36.64 billion across 43 funds in 2013, a 35 percent increase from the $27.18 billion collected by 32 funds 2012. (Subscription required.)
http://blogs.wsj.com/privateequity/2014/01/30/survey-says-more-than-hal…
To view the results of the survey, please click here: http://mergermarketgroup.com/wp-content/uploads/2014/01/North_American_…