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SuperReturn, the preeminent private equity and venture capital conference series, will host its SuperReturn Private Credit US event on November 12 and 13 at The Marriot Marquis in Times Square, New York. The event will feature discussions on various topics impacting private markets, including direct lending, asset-backed lending, niche finance, NAV finance, private credit secondaries, real estate debt, and distressed debt. Over 450 senior decision makers from both limited partners and general partners will participate in interviews, panel sessions, and presentations. Notable speakers include Akhil Bansal of Carlyle, Luis Mayans of CDPQ London, Tia Malhotra of Golub Capital, Mohamed Elkordy of New York Common Retirement Fund, Dagmara Michalczuk of Tetragon Credit Partners, Tim Nest of Aksia, Kris Kraus of PIMCO, and Fernando Martinez of IMCO. 'SuperReturn Private Credit US is the leading private debt event in North America and a spectacular gathering of industry leaders,' said Dr. Dorothy Kelso, Global Head of SuperReturn. Co-Sponsors include Barings, Castlelake, and Willow Tree Credit Partners, with numerous Associate Sponsors. #privatecredit #privatedebt #superreturn #privateequity #venturecapital @superreturn @informaconnect

Among the dynamic shifts within private markets, this week we’re spotlighting three updates that cover a bold fundraising target and more signs of active portfolio management in the private equity secondary space. I - Partners Group makes an ambitious move to raise a $12bn secondaries fund, underscoring its unique approach to private market investments and its departure from traditional fund-of-funds strategies to leverage market cycles. This places the vehicle among the top 5 biggest secondaries funds (raised/to be raised) alongside Ardian, Blackstone, and Lexington Partners. Judging by last year’s fundraising figures, there will no doubt be ample appetite among investors. Read the full article: https://lnkd.in/gRX-94UB II - Kaiser Permanente and other large institutions are actively recalibrating their private equity exposures, with the US healthcare organization planning to divest up to $2bn in PE assets, following a multi-billion sale secured months ago. The potential sale reflects a broader trend among LPs towards adjusting their portfolio balances in the secondary market. More on this story: https://lnkd.in/gJymwRev III - Last month, we broke down developments in the core secondary market strategy: buyout funds. We also covered infrastructure and private credit for good measure since both have seen a surge in volume over the past year. This time around, we’re taking a look at venture capital, growth equity, and real estate, which have been notably tepid over the past year or so, for their own reasons. Dive into our latest insights here: https://lnkd.in/gSJQ_Bed Keep an eye on private equity secondary deal flow
coming to our marketplace by subscribing to our newsletter here: https://lnkd.in/gT8zDXGT #privateequity #secondaries #venturecapital #realestate

It’s no secret that VC investments in the US tend to concentrate on a few major areas. In fact, just 10 US metro areas brought in 80% of all VC deal value in 2022, with California, New York, and Massachusetts accounting for more than 60%. #vdkcapital #vc #vcfunds #investing

Yes! Yes! Yes! Finally more focus on the lower-mid market with Five V Capital pitching a new $325m fund to target companies that are too small for their buyout fund. This is excellent news and something I have been calling on for years! The lower mid market is wide open for disruption and it would appear that Adrian MacKenzie and Srdjan Dangubic share this belief. They have selected Chris Adams to lead the charge and armed him with Elliott Whelan and Sara Soldo. Given that the lower mid market (sub $7m earnings) is where Frank Law + Advisory play I am very excited that Five V Capital is launching this fund. The crazy thing is that whilst deals are smaller the upside can be much larger for sponsors. It does require a different approach as most companies still have major founder influence and often have average management structures in place. Deals tends to be influenced by legacy more than dollars and the founders are often cautious of private equity. I am super keen to see how Five V Capital tackle this market. #privateequity #lowmidmarket #sme #growth #corporateadvisory

💬 Seniority Structures: When Do They Really Make Sense? We often see investors pushing for seniority, even in Series A rounds, when the new investment is 5-10x larger than a previous seed round of less than $1M. But is the benefit really there? In these cases, the upside seems modest at best, while the downside is clear – pari passu is disrupted, especially when future rounds like Series B are made senior to all previous investments, making it less favorable for all earlier investors, including Series A. Stay tuned! We’ll be hosting a session soon to dive into seniority structures and the latest trends in liquidation preferences. #startupfunding #liquidationpreferences #senioritystructures #investorconcerns #venturecapital

This week, Evercore’s Nigel Dawn reflected on the widespread acceptance that secondaries have found over the past decade as a go-to portfolio management tool, while one secondary fund manager sees the recent easing of exit conditions as a drop in the ocean. I - LP secondaries have cemented their role as a strategic portfolio management tool over the past 10 years. Once treated with reservation, the LP-driven secondary market has increased by 154% in the past decade, from $24bn in 2013 to $61bn in 2023. In a recent podcast appearance on Capital Allocators, Nigel Dawn, the global head of private capital advisory at Evercore, shared his insights on the evolving landscape of the market and sees years of further upside as participants become increasingly sophisticated and dedicated secondary funds grow ever larger. Listen to the full podcast: https://lnkd.in/ejf2UhHM II - The first quarter has seen an uptick in M&A and IPO pipelines are building, much to the relief of GPs and their investors. All of this spells some much-needed liquidity flowing back to LPs over the coming months. Don’t expect this to put much of a dent in secondaries deal flows though. Last week, AXA Investment Managers agreed to acquire W Capital Partners, a New York-based private equity firm specializing in GP-led and direct secondaries transactions. The firm’s co-founder David Wachter believes that even if exit channels bounce back to full capacity, they simply won’t be able to keep pace with the backlog of assets in GPs’ portfolios. Instead, secondaries are in an unstoppable secular growth phase. Read more: https://lnkd.in/gDANJ-zz III - We will be attending the Institutional Limited Partners Association (ILPA) Europe Summit from Tuesday, April 30th to Wednesday, May 1st. Meet us in London to discover how Palico digitally standardizes and streamlines the process of buying and selling PE fund stakes. We welcome you to get in touch with our PE experts if you'd like to chat at ILPA or in London in general: - Paloma Hernández Fernández, Head of Sales  - Christopher Jeffery, General Manager - Myriam Prat, Chief Operating Officer Keep an eye on private equity secondary deal flow
coming to our marketplace by subscribing to our newsletter here: https://lnkd.in/eajDPwBg #secondaries #privateequity #alternativeinvestments

📈📉 Interesting article from the Financial Times providing an appendix, or holistic market view to the recent news that Insight Partners are selling $1B in start-up stakes, including Wiz, to free up funds for investors. MitchelLake Group #investors #ventures #execsearch #growth https://lnkd.in/eGJ_iMNm

🚀 Private Equity Insights: Trends & Opportunities! 🚀 📉 Despite a downturn in public PE fundraising in 2023, 📈 the horizon is bright with untapped markets! PitchBook's latest US Public PE & GP Deal Roundup is here, detailing the performance of industry titans like Blackstone, KKR, and more. 🔍 Key highlights: 💡 Median 2023 gross returns: 9.8% for PE, 16.4% for private credit, 62.1% for public shareholders. 💡 Record-breaking deal: BlackRock's $12.5B acquisition of Global Infrastructure Partners. 💡 Fundraising dip: Down 15.4% in 2023 but a strong Q4 comeback, especially in credit & real estate. 🌱 Growth Potential: 💡 The wealth channel TAM: A staggering $80 trillion. 💡 Asset-backed finance: A new battlefield with a $7 trillion TAM. 💡 US life insurance: Over $5.2 trillion in assets, ripe for PE penetration. 🔗 Dive into the full analysis and explore what this means for future PE growth: https://lnkd.in/eh7NxMNM #PrivateEquity #MarketTrends #GrowthOpportunities #InvestmentInsights #privateequityfirms #privateequityfunds

Dot Investing, we believe very strongly in the outperformance potential of smaller funds, younger managers, and less competitive spaces in the market and research from Schroders validates our conviction. #privatewealth #privatemarkets

The role of operating teams and partners in Private Equity funds is becoming increasing critical when it comes to unlocking deal value through strategic value creation levers. Their role is more crucial than ever in today's market as funds look to underwrite deal value and then deliver operational upside. #PrivateEquity #ValueCreation #OperatingPartners #PwC