Exuberance of the capital flowed into the funds of capital investment, levels of corporate debt are high, prices at the peak, investment records… The industry, still relatively small at the global level, seems to have regained all of the ingredients that have precipitated in the crisis in 2008 and 2009. So far, the majority of the major players of the capital investment does not perceive an imminent danger. “The market is not in a bubble, characterised by irrational behaviour, says Thierry Timsit, managing director of the group Astorg. There are huge differences with 2007, marked by a great convenience of all stakeholders.”

In fact, the situation has changed: the companies are in pretty good shape ; the capital-investment, mumbling and sometimes reckless in his way of investing in the early 2000s, has gained maturity and visibility. “The funds now have more know-how and experience to manage the companies. They are based …