WPV, the €5bn pension fund for auditors and chartered accountants in North Rhine-Westphalia, Germany, is closely monitoring a rebound in private equity deal-making.
'We pay particular attention to broad diversification and carefully structured investments,' says Sascha Pinger, CIO of WPV.
The fund sees a dynamic market environment in private equity, with global M&A activity picking up and valuations returning to very high levels. According to Pinger, intense competition, abundant capital, and an increasing number of transactions in the technology sector drive market momentum.
Author's summary: WPV monitors private equity deal-making rebound.