Private equity's 'magnificent seven' exit-strategy principles

A good private equity deal is not done until the exit is complete and the money placed under the mattress, according to Jean-Eric Salata, the CEO of Baring PE Asia. He was speaking at the Asia Private Equity Forum in Hong Kong last week, and pointed out that an amount equal to about half of the private equity funds raised and invested in Asia in the last five years has been returned to investors. The rest is fermenting and being marked to higher theoretical IRRs in the fund portfolio.…