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December 05, 2014 at 08:19 AM
Three-quarters of private equity decision makers in a new survey say the U.S. economy is headed in the right direction, up 21 points from a survey conducted in June.
The Private Equity Growth Capital Council this week released the results of a November online poll of 117 mid- and senior-level private equity professionals involved in fund management and strategic investment decisions.
Fifty-five percent of respondents said they expected the investment environment over the next 12 months to be either very or somewhat favorable.
These investment decision makers are ramping up their staffs, with 79% reporting they were hiring and making new investments.
“We are seeing positive indications for a strong 2015,” Steve Judge, PEGCC’s president and chief executive, said in a statement.
“Within both the private equity environment and the broader economy, there is enthusiasm for investment and putting capital to work in the coming year.”
Ultra-wealthy investors are already getting in on the action; many have increased their private equity allocations in the current quarter.
