The impact of the financial crisis has been significant for the private equity industry. This note considers the market before, and how it has been affected by, the global credit crunch.

As the UK emerges from the crisis, leading private equity and funds practitioners from SJ Berwin, Macfarlanes and Freshfields Bruckhaus Deringer, as well as Jon Moulton, founder of Alchemy Partners and Better Capital, offer their views on the future for the industry.

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