India still an attractive PE destination?

The "for" side says: Long-term investments will be rewarded.

The "against" side says: They’ve become more choosy about targets.

Read the debate here.

Wharton Private Equity Review: Harnessing the Winds of Change

While the credit crunch has put a damper on headline-grabbing large buyouts, private equity firms have found other ways to discover value in the current market. In this special report, produced in cooperation with the Wharton Private Equity Club, Knowledge@Wharton looks at how funds are adapting to changes in the credit environment, what opportunities exist in the developed markets of Europe and Japan, and the ways that proposed changes in taxation may affect the industry. Also included is a roundtable discussion on setting up a first-time fund in the current market, as well as an interview with David Rubenstein, co-founder and managing director of The Carlyle Group.

The Article.

Once bitten, twice shy

Private-equity firms are sitting on about $450 billion of “dry powder”—funds raised but not yet spent. And sovereign-wealth funds have assets of $2 trillion to 3 trillion, much of which is sitting idly in American Treasury bonds. Meanwhile, the IMF thinks American and European banks need $675 billion of new capital. Will the required fund flow take place?

Find out in this article.