David Rubenstein, co-founder of US alternative asset manager Carlyle Group, listed 15 reasons why the global credit meltdown has changed the world of private equity for the better, claiming that there is a greater need for the sector than ever before.

Speaking to a packed room of delegates at the SuperReturn conference in Berlin today, Rubenstein listed problems affecting the industry, including the difficulty of raising new funds, the lack of debt available for new deals, the reduced opportunities for exits and the danger of increased regulation.