Abejo, Jerry
March 2008
Mergers & Acquisitions: The Dealermaker's Journal;Mar2008, Vol. 43 Issue 3, p28
This article offers a look at the possible impact of state budget deficits on the U.S. private equity market. The state budget strains can be largely attributed to the expected loss of tax revenue from declining home values. Besides California, whose budget problems are documented, states such as Rhode Island, Massachusetts, New York, New Jersey and Washington can be added to the list of those experiencing shortfalls. According to D. Brooks Zug, senior managing director at HarbourVest Partners, pension funds are separate from the state budget.


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