“Too much money” in private equity?

The private equity industry is undergoing big changes, with general partners potentially heading for a shakeout and limited partners increasingly seeking niche strategies, said PE specialists at a conference last week in Doha. There are 1,900 private equity funds on the road right now, seeking a total of $900 billion, but they will probably only raise $300 billion, says Antoine Dréan, founder and CEO at Private Investment Initiatives. This $600 billion shortfall will mean “some of…