Investcorp says conditions feel like recession

By Megan Davies DUBAI (Reuters) - Bahrain and London-listed investment firm Investcorp's chief operating officer Gary Long said on Monday that its portfolio companies were under stress, getting leverage for deals was difficult and investors were nervous. "Certainly alternative investment firms like Investcorp are being negatively impacted" by the financial turmoil, Long said, speaking at the Super Return private equity conference in Dubai, noting this was particularly being felt in its business in the West. "For example, dealflow is down, leverage is a lot more difficult... and returns are under pressure," Long said. "That's true for private... [read full story]