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Private-Equity Firms More Optimistic on Hiring

Private-Equity Firms More Optimistic on Hiring

A new survey released by advisory and accounting firm EisnerAmper found private-equity firms are becoming more optimistic about the industry and, as a result, are beginning to ramp up hiring plans.

In a poll of 113 of its general partners, CFOs and managing directors, EisnerAmper found 37 percent of respondents said they plan to increase their staff during the first half of this year, with another 56 percent poised to keep their number of employees the same.

Specifically, half the respondents said they planned to add operational and financial staff, while one-third said they were planning to hire in research/analysis, FINS reports. A total of 26 percent of respondents said they would bring on new employees for compliance functions.

Accounting Today reports the latest edition of the survey supports trends seen in previous versions, including that managers see limited partners as being more concerned with due diligence, fair value and fund terms. More than 90 percent of respondents said their limited partners were interested in transparency and the fund management's execution ability.