FCM Frederic Capital Management GmbH

Zur Verstärkung unseres Investment Teams suchen wir einen Trainee Private Equity (m/w/d) am Standort Düsseldorf. Wir freuen uns auf Ihre Bewerbung: https://lnkd.in/eMFZmvwa

Our FCM colleagues have just returned with valuable insights from their recent discussions with numerous buyout managers in the small- and mid-cap segments across the Nordic region. It is evident that micro buy-and-build strategies of buyout managers are thriving and proving effective in generating excess returns. The essence of the buy-and-build approach revolves around acquiring a platform company or combining multiple companies simultaneously, followed by incremental acquisitions and strategic initiatives. By leveraging scale, this strategy aims to create synergies and generate platform value. The buy-and-build approach provides significant potential in a highly fragmented market characterized by rapid growth. Sweden stands out as an ideal environment for buy-and-build strategies. With a high density of service companies and strong acceptance of established platforms in the stock market, it is no surprise that more PE investors are targeting the lower end of the market to consolidate healthy and reasonably valued companies into powerful platforms. If you are interested in our insights on the private equity landscape in the Nordics or would like to discuss potential opportunities, please let us know and reach out to our team.

Do you expect that AI will threaten the business model of some of your portfolio companies over the next 24 months?    On the flipside, a remarkable 44% of participants indicated that AI will potentially threaten the business model of some of their portfolio firms in the mid to long term. This number clearly suggests that private equity portfolio companies are exposed to AI-driven business model risks and that fund managers are starting to reflect on them. 18% of participants even indicated that AI represents a slight or substantial threat over the next 24 months, while only 8% ruled out AI as a potential risk factor.    This is an excerpt from our recently published FCM Private Equity Survey.  Access the full survey here: https://lnkd.in/eQbkSWas

Do you expect that AI will positively impact the profitability of your portfolio companies over the next 24 months?    Most participants expect artificial intelligence (AI) to have a slightly (47%) or substantially (11%) positive impact on the profitability of their portfolio companies over the next 24 months. This suggests that AI generally has the potential to drive earning growth, and ultimately contribute to  private equity value creation. 37% expect no tangible impact on the profitability of their portfolio companies.    This is an excerpt from our recently published FCM Private Equity Survey.  Access the full survey here: https://lnkd.in/eQbkSWas

What LP characteristics matter when selecting co-investment partners?     In terms of LP characteristics, the factors that matter most to fund managers are the strategic value of the relationship and the LP’s ability to move fast in the co-investment process, followed by the existence of sufficient internal resources, ticket size, and experience.    This is an excerpt from our recently published FCM Private Equity Survey.  Access the full survey here: https://lnkd.in/eQbkSWas

Who do you generally offer co-investments to?  When selecting LPs as potential co-investment partners, almost all fund managers prefer existing LPs. However, a substantial part (67%) is willing to also offer co-investments to prospect LPs.    This is an excerpt from our recently published FCM Private Equity Survey.  Access the full survey here: https://lnkd.in/eQbkSWas

Do you expect muted PE deal activity in 2024 due to the US presidential election? Most participating fund managers do not expect muted private equity deal activity in 2024 due to the US presidential election. Only 14% take a different view.    This is an excerpt from our recently published FCM Private Equity Survey.  Access the full survey here: https://lnkd.in/eQbkSWas

Historically, how have your PE co-investments performed relative to your PE funds?   96% of participating fund managers indicated that their private equity co-investments perform in line with (59%) or even outperform (37%) their PE funds, providing strong evidence against adverse selection in co-investing.    This is an excerpt from our recently published FCM Private Equity Survey.  Access the full survey here: https://lnkd.in/eQbkSWas

🎙️ Neue #Podcast-Folge "PE Talk" +++ Der unabhängige PE-Investor FCM Frederic Capital Management GmbH hat internationale Investoren zur aktuellen Marktlage befragt. Unser Funds-Experte Dr. Robert Eberius hat mit den Studienautoren Dr. Sören Paleit und Sebastian Osing über die zentralen Ergebnisse gesprochen. Hören Sie doch gleich mal rein: https://lnkd.in/eg26iU7G Übrigens: Alle Folgen finden Sie auch im #pemagazin sowie überall dort, wo es Podcasts gibt. Zur Playlist: https://lnkd.in/ev6A9yg Hier geht's zum Abo via Spotify: https://lnkd.in/es4UEpf Hier geht's zum Abo via Apple Podcasts: https://lnkd.in/e29PYJi #petalk #survey #investment #investor #privateequity

+++ Gute Nachrichten +++ Deutschland schlägt Spanien 3:1 - zumindest im FCM-internen Kickerturnier. Das FCM Team drückt unseren Jungs für heute Abend die Daumen!