Pepper Hamilton annually commissions a survey to keep clients abreast of middle-market private equity trends. This year, with Mergermarket, we surveyed 50 middle-market PE firms regarding fund life cycles. Our findings were no surprise. Compared to five years ago, fundraising is taking more time, investments are being held longer and overall fund life cycles are lengthening. To succeed in this marketplace, sponsors must understand these trends and respond accordingly.

Originally published in Middle Market Growth, a publication of the Association of Corporate Growth - Spring 2017.