The 2013 Private Equity Survey of McGladrey, done by the research unit of SourceMedia, indicates growth and optimism in the PE sector although the funds remain cautious about the broader economy.

Some findings of the 2013 survey:

  • Funds see “management capabilities and effective strategy and execution as primary drivers of successful portfolios.”
  • Outdated IT systems, under-qualified IT personnel and inadequate infrastructure become apparent following acquisitions, often impacting critical areas of the business.
  • Active integration leadership and experienced team members are important to success.
  • Firms frequently find weaknesses in financial reporting (including the frequency, accuracy and efficiency of reporting as well as the tracking of operational metrics).

Download the full survey report here.