The fundraising environment is facing unique circumstances due to inflation and interest rates. Law360 published an article highlighting the largest private equity funds to close during the start of 2023, two of which Ropes & Gray teams advised on.
Asset management partner Debra Lussier told Law360, “I do think there is a nod to strong performance, and if you have demonstrable success, fundraising is going to be easier for you. That also means that first-time sponsors are going to be disadvantaged. They're going to have a more difficult time fundraising because they don't have any prior track record to convince investors to sign up with them."
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