Private equity deal drought overshadows annual meet up for second year

BERLIN, June 6 (Reuters) – Advisers and investors congregated at the annual SuperReturn conference in Berlin this week as a still struggling private equity market cast a shadow over the meeting for a second year, although there were flashes of optimism among the attendees.

At a long row of streetside alpine huts where an overflow of the globe’s top deal brokers conversed, some talked of resilience in the face of adversity as higher borrowing costs continued to put the brakes on the private equity industry.