Private Equity Spotlight

This series is sponsored by AlixPartners The Disruption Matters special podcast miniseries is back for season three: AI and the future of value creation. This year, leading industry experts will discuss how private markets can best use today’s technologies to create value. In this first episode, The digital promise: Threats and opportunities, we set the stage by getting a reality check around what...

The PEI 300 ranking of private equity's biggest fundraisers is becoming an even more exclusive club: this year, a manager needed to have raised at least $2.3 billion over the preceding five-year period, up from $2.08 billion in the previous ranking. The  300 firms in this year's ranking raised a whopping $3.28 trillion between them – a 6 percent year-on-year increase. In the top 10 alone, these fi...

The private equity industry has been pushing for more gender equality among GPs, LPs and intermediaries over the past decade, and the trend is now taking hold in the secondaries market, where diversity issues have historically received less attention. In recent years, women across secondaries have been advocating for empowerment movements and forming support groups, including the Women in Secondar...

Specialised secondaries strategies are becoming an increasingly important part of the market. According to data complied by Secondaries Investor, 85 percent of the capital raised by secondaries funds in final closes last year was for private equity strategies; the remainder of this was for non-PE strategies, and the year before that more than one-third of capital raised was for non-PE strategies....

This episode is sponsored by Nuveen Infrastructure and NextEnergy Capital Clean energy is key to turning the world’s net-zero ambitions into a reality, an argument few would contest. So the IEA’s 2023 World Energy Investment report , which showed that clean energy investing rose at a faster rate than investment in fossil fuels in the period between 2021 and 2023, offers plenty of cause for optimis...

Post-global financial crisis, many institutional investors were forced sellers, offloading private markets exposure at hefty discounts. More than a decade on, these same institutional investors have become repeat sellers on the secondaries market, using the tool as a way to proactively manage their portfolios. How has LP sentiment toward the secondaries market changed, and what is the outlook for...

This episode is sponsored by the Credit Investments Group (CIG) Private credit has expanded exponentially in recent years, with most citing the contraction in syndicated markets as the cause of that growth. But now those markets are opening back up, and questions linger about how that will affect private credit. So what do continued inflation and elevated interest rates mean for today's managers?...

The US Securities and Exchange Commission’s recently passed rules relating to the GP-led secondaries market have put these deals squarely on LPs’ radars. “[These rules] raise the visibility of GP-led transactions to LPs and they signal how important and risky those transactions might be,” Igor Rozenblit – managing partner and founder of governance, risk and regulatory services provider Iron Road P...

This episode is sponsored by Ares Management , Dawson Partners and Proskauer Rose The North American secondaries market remains the deepest and most active area for secondaries trading of all the global regions. Around $114 billion-worth of alternatives exposure changed hands last year and North America accounted for around two-thirds of global secondaries trading. In this fourth episode of the De...

Single-asset continuation funds have surged in popularity in recent years. While the technology isn't new, it took persistence from secondaries market advisers to show both private equity managers and buyers that vehicles associated with the moniker 'zombie funds' could be used to keep hold of star-performing assets. Last year, single-asset continuation fund vehicles took out the largest share of...

What's in a name? The process of moving an asset or assets from an existing private markets fund into a separate structure has been happening for some time now – some say as early as 2006 and possibly even prior to that. The so-called 'continuation fund' market was worth around $40 billion last year, according to advisory estimates. Yet, this market was not always seen as a positive and constructi...

This episode is sponsored by Blackstone Private credit has seen significant growth over the past year, with some of the largest asset managers increasing their allocations to the sector. It comes as volatile market conditions and geopolitical tensions have plagued most industries, revealing private debt as a more secure source of capital. So, how are firms looking to take advantage of this uptick...

On this episode, François Trausch, CEO and CIO of PIMCO Prime Real Estate, reflects on the behavior of the central banks, refinancing and the demands of decarbonization. Recorded at the PERE Europe conference as part of his keynote address, he speaks with PEI Group’s Jonathan Brasse about the outlook for the market. “I think learning to be a good investor is also learning to do nothing from time t...

A decade ago, in the aftermath of the global financial crisis, anxiety around unknowns was still rippling through financial markets, including within secondaries. Similarly, there was a great deal of concern around the Volcker Rule that came into effect in 2014, which essentially prohibited banks from investing in private equity with their own funds. In 2013, secondaries volume sat at around $28 b...

In this episode, Brian Thies and Christopher Wolfe of Fitch Ratings speak with PERE Americas editor Miriam Hall about the outlook for multifamily real estate in the US and how banks may be exposed. Banks’ multifamily lending has grown 32 percent since the end of 2019, per a Fitch report last month, to hit $613 billion at the end of 2023. That is a complicating factor for some regional banks, espec...

Specialisation in the private equity industry has become part and parcel of its growth, with almost half of the roughly $785 billion raised for private equity strategies last year focused on non-buyout strategies. In this episode, senior editor Adam Le sits down with Richard Anthony, chief executive of investment bank Evercore ’s private funds group, to hear his advice for GP clients wanting to la...

Across the globe, EVs are seeing an uptick in both usership and government support. They stand to deeply reshape power grids, so the infrastructure supporting them has become top of mind for forward-thinking infrastructure investors. In this episode, we sit down with Benjamin Bygott-Webb, a managing director at EQT , and Gregory Remec, head of North American infrastructure at Fitch Ratings, to exp...

In this episode of Second Thoughts, our bi-monthly take on the biggest trends and developments in secondaries, Secondaries Investor's Madeleine Farman, Adam Le and Hannah Zhang cut through the headline figures in 2023's advisory reports to break down geographic trends and key themes in the market. Total deal volume sat somewhere in the region of $109 billion to $115 billion in 2023 with LP-led vol...

It's no secret that raising Asia-Pacific private equity funds has become extremely difficult, with regulatory uncertainty, geopolitical tensions and shifting risk appetites contributing to one of the region's toughest-ever fundraising environments. According to Private Equity International data , funds in the region raised $49.2 billion last year, down substantially from $77.6 billion in 2022 and...

For more, be sure to also check out PERE's February cover story " Private real estate’s collision course with geopolitics ." Geopolitical tensions topped the list of near-term downside risks for businesses in the latest global risk survey by economic forecasting firm Oxford Economics. It is also a risk of particular relevance for the private real estate industry, given how geopolitical conflict st...

Endowments and foundations are some of the most consistent investors in private equity, and they often have some the highest allocations to the asset class. But have the challenges private equity has faced over the last 12 months dented their appetite? What are some of these investors thinking when it comes to their private equity portfolios? In this episode of Spotlight, senior editor Adam Le sit...

Subscribe to the new Private Debt Investor Podcast wherever you like to listen, or click here: https://www.privatedebtinvestor.com/podcast PEI Group publication Private Debt Investor recently celebrated its 10-year anniversary, and now it's launching its own podcast ! To kick it off, PDI is taking a six-part look back with its Decade of Private Debt podcast miniseries, speaking with some of the in...

Subscribe to the new Private Debt Investor Podcast wherever you like to listen, or click here: https://www.privatedebtinvestor.com/podcast PEI Group publication Private Debt Investor recently celebrated its 10-year anniversary, and now it's launching its own podcast ! To kick it off, PDI is taking a six-part look back with its Decade of Private Debt podcast miniseries, speaking with some of the in...

Subscribe to the new Private Debt Investor Podcast wherever you like to listen, or click here: https://www.privatedebtinvestor.com/podcast PEI Group publication Private Debt Investor recently celebrated its 10-year anniversary, and now it's launching its own podcast ! To kick it off, PDI is taking a six-part look back with its Decade of Private Debt podcast miniseries, speaking with some of the in...

Subscribe to the new Private Debt Investor Podcast wherever you like to listen, or click here: https://www.privatedebtinvestor.com/podcast PEI Group publication Private Debt Investor recently celebrated its 10-year anniversary, and now it's launching its own podcast ! To kick it off, PDI is taking a six-part look back with its Decade of Private Debt podcast miniseries, speaking with some of the in...