Madeleine Farman
Madeleine Farman is a senior reporter for PEI Group’s Private Equity International and Secondaries Investor titles, based in London. Prior to joining PEI, she had covered private equity, private capital and advisers associated with the industry for other newsrooms and publications since 2016. Originally from New Zealand, Madeleine began her career in radio in Auckland.
Private equity deal value was up 36% in the first three quarters, with a further flurry of activity following the US election.
While the number of LPs looking to back GP stakes funds remains consistent with prior years, the majority have no plans to invest in these vehicles.
Some investors are scrutinising LP bases to ascertain whether managers will face increased pressure to deploy an excessive amount of capital beyond their original fund size.
High net-worth investors have been backing secondaries funds at 'astonishing' rates
Disruption in the consumer sector in the wake of the global pandemic took its toll on fund IRRs. Today, there are green shoots of recovery.
The fund has already surpassed its €1.38bn predecessor, which closed ahead of its €1.35bn target in 2019, Private Equity International has learned.
The assets in the process run by the firm formerly known as The Jordan Company 'do not appear to have the ability to generate outsized returns', according to adviser Aon.
The strategy is the firm's fastest growing unit from a headcount perspective, according to chief executive David Layton.
Investors including Alaska Permanent, Caisse des Dépôts, Skandia, New York City Retirement Systems and TRS Texas share their views on how this market can be improved and how they are positioning themselves to take advantage of CVs.
The secondaries industry is stepping up its reporting of the performance of continuation fund exits as the supply of opportunities continues to outstrip available capital.