Crossing the Halfway Point, Middle Market Shows Strength—ACG New York Survey
ACG New York's mid-year member survey shows strong confidence in the economy with the expectation it will continue throughout 2017.
The Trump administration’s policy has had no effect on middle-market private equity’s ability to raise capital, a new survey from ACG New York says.
“This year’s mid-year ACG New York member survey comes at a particularly interesting time for the middle market,” said David Hellier, a partner with Bertram Capital and president of ACG New York. “We are crossing the halfway point of the first year of a new presidential administration and the economy is holding steady with the Dow well above 20,000 and the unemployment rate at one of its lowest levels.”
Survey respondents are optimistic: 36 percent believe the economy has performed stronger than expected this year and 61 percent predict it will continue to live up to the high expectations.
Nearly half of survey participants think middle-market M&A activity will strengthen in the second half of the year, while 45 percent expect performance to be on par with the first half of 2017.
The data is based on survey responses that 105 middle-market professionals provided online and at chapter events between May and July 2017.
Visit MMG’s Research page for recaps of the latest middle-market reports and surveys.
Hollie Merrick is a frequent contributor to Middle Market Growth.
