Fundraising Recovering Slowly – K&E

"Raising capital for buyout funds is recovering slowly, but convincing investors to write large checks remains difficult and takes time, the head of law firm Kirkland & Ellis' Private Funds Group said on Monday.

'Probably the low point was some time last summer,' said Bruce Ettelson at the Reuters Private Equity and Hedge Funds Summit in New York. 'You're starting to see more money come to work, and it's coming to work slowly,' Ettelson said."

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This article appeared in its entirety in the March 1, 2010 edition of Reuters.