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Despite the ongoing slump in the overall PE market, co-investors are seeing more deals than ever, says Alexandre Motte, head of co-investment at Ardian.
Shifting pricing and macro dynamics, record secondaries fundraising, and positive performance indicators are setting the stage for a strong year for GP-leds, say Partners Group’s Martin Liew and Robin Shelley.
Amid today’s environment and ongoing growth in GP-led deals, rolling carry and putting additional capital at risk are no longer enough to guarantee alignment, says Morgan Stanley Investment Management’s Nash Waterman.
Single-asset transactions can work well in all weathers, particularly as the GP-led market becomes more institutionalised and standards continue to improve, say ICG Strategic Equity’s Rob Campbell and Andrea Serra.
As more deals come to market, secondaries investors must be focused and decisive when assessing opportunities, says Miguel Zurita, a managing partner at AltamarCAM Partners.
A collaborative approach to setting and driving forward ESG priorities can build long-term value for a business and its stakeholders, say Adinah Shackleton at Permira and Federica Ruzzi at portfolio company Golden Goose.
While data collection and reporting are now a matter of regulatory compliance, GPs need to engage with portfolio companies through a business strategy lens, say Cority’s Anne Matusewicz and David Wynn.
The democratisation of private equity is about broadening access to the asset class, both in terms of who can invest and the ways in which they do so, says Peter von Lehe, head of investment solutions and strategy at Neuberger Berman Private Markets.
Education and careful manager selection will be crucial for private wealth investors considering alternative investments in 2024, say Goldman Sachs Asset Management’s Adam Lane, Barry Fricke and Hilary Lopez.
Japanese LPs increasingly view strong ESG credentials as a must-have, say NSSK’s Jun Tsusaka, Yuzuru Ichinohe and Kiyomi Matsuda.