The UK is the most attractive place to set up private equity businesses despite its slow economic growth, according to a new survey of UK buy-out bosses. According to the Financial Times, Investec Fund Finance found that senior private equity professionals ranked the UK ahead of the USA and Switzerland as the most competitive location. The 88 UK-based private equity professionals asked by Investec identified potential tax increases on capital gains and performance fees as the greatest threats to the country’s future attractiveness as a base for private equity firms. Simon Hamilton, head of Investec Fund Finance, told the newspaper: “Despite continued concern around the reputation of the UK’s private equity industry, this research highlights its strength and resilience in the face of tough overseas competition.”