Are we seeing the end of smaller PE Funds? Don’t count on it…

Marc Patterson
1 min readJun 6, 2023

Are we witnessing the beginning of the end for small to mid-size PE funds? I wouldn’t count on it… Private equity may be consolidating as The Wall Street Journal article suggests. However, rather than decrease the number of middle-market PE funds, consolidation of the larger funds may actually help to increase the number of funds.

Why is that? Because in the middle-market and lower-middle market arenas, size is often the enemy of returns. And ultimately for the LPs, return is king.

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Marc Patterson

Managing Director at Endeavor Colorado (EndeavorColorado.org). Supporting High-Growth, Scaling Entrepreneurs.