The Billion Dollar Fund Thing

Dan at PE Week Wire succinctly summarizes the essential decision facing private equity managers as fund sizes double and triple:

…each senior pro is responsible for more money, which means they must either (A) Put more money to work in each deal or (B) Do more deals. (A) is a far more likely option than (B) here, since the latter means less time for due diligence, golf, getting Mitt Romney into the White House, etc.

Ah, decisions, decisions.