(Reuters) – Private equity fund investors have been favoring established buyout firms over first-time managers in recent months, as the challenges of carrying out due diligence remotely during the COVID-19 pandemic reduce their appetite for risk. Out of the $127 billion raised by buyout firms between July and September, only $5.8 billion went to managers raising funds for the first time,
Fledgling private equity firms falter as virus curbs in-person wooing
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