2008 Private Placement Conference: Cautious Optimism Reigns, But Short-Term Picture is Cloudy

February 4, 2008

The tone among attendees at the 2008 Private Placements Industry Forum last week remained 'cautiously upbeat' though panel after panel addressed concerns about a looming U.S. recession and overall uncertainty in the credit markets. In spite of a broad array of challenges, most panelists and attendees felt confident about the long-term prospects for the private market. 'The feeling is that the private market is open for business, and that the stress [in other markets] is creating opportunity,' said Bob Nash, partner with Chapman and Cutler, and co-chairman of the conference. 'But that's where the clarity seems to end,' he said.

The full article is available to Private Placement Letter subscribers only

Already a print subscriber? As a print subscriber, you are entitled to online access. Please click here to activate your account.