Concerns with past deals that were over-priced and over-leveraged (with the benefit of hindsight) are very considerable. Understandably, this makes it hard to look forward, but unless the industry does just that there will be paralysis. A wholesale renegotiation of the covenant between limited partners (the investors) and general partners (the managers), on both existing and future funds, needs to take place or paralysis may turn into rigor mortis for some of the existing players.
過去那些定價和槓桿率均過高（事後來看）的交易引起了人們極大的擔憂。可想而知，這種擔憂使私人股本行業難以向前發展，但如果止步不前，該行業將會陷入停滯。現有及未來基金的有限合夥人（投資者）與普通合夥人（基金管理人）有必要就雙方之間的契約徹底重新談判，否則，對於某些現有的參與者來說，停滯可能會轉化成死亡。
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