"I'm glad we're not out there right now," says Christina Morin, managing principal at Graham Partners, when asked about the current landscape of private equity fundraising. "The funds that are achieving success," she adds, "are those that are either large and have institutional profiles ... and boutique firms that have deep domain expertise, an established track record and a solid team." Morin, who spoke on a panel about the perspectives of limited partners at the 18th annual Wharton Private Equity & Venture Capital Conference, goes on to say that upcoming regulation will lead to added scrutiny for PE firms. For more Wharton interviews, check out "Apollo's Sam Oh on evolving GP-LP relationship" and "Morgan Creek's Yusko: PE fundraising 'hard' right now." - Sarah Hashim-Waris