It is right to scrutinise the relationship between public pensions and investment managers; the long-term health of the private markets industry will benefit.
PEI’s 40 under 40: Future Leaders of Private Equity 2022 will need to navigate a raft of changes in the industry, including macroeconomic and geopolitical issues.
The firm, which has raised €2.6bn for its debut lending fund, estimates the size of this market could grow to $700bn by the end of this decade.
The end of the rapid fundraising era, dealing with LP rejection and an overreliance on performance as a selling point were some of the themes that emerged in a jam-packed two days in New York.
Managers that are willing to embrace nascent technologies, such as artificial intelligence, might be in a position to make smarter investment decisions and act more quickly.
New SEC proposals on cybersecurity will mean private equity firms must improve how they address cyber-threats.
A simultaneous numerator, denominator effect may leave some LPs significantly overallocated at a time when their GPs are asking for re-ups.
Topics included shifting ESG priorities in the wake of Russia’s invasion of Ukraine and the importance of ensuring education keeps pace with retail participation in private equity.
By making GP clawbacks gross of taxes, the new rules could lead to the resurgence of the archaic original American waterfall.
The venture firm’s unusual fee structure is an example of why the SEC believes it needs to intervene to protect investors.