Nasdaq Private Market’s Post

We usually like to give the less prominent bankers a leg up but it would be a journalistic fail if we didn't give credit where it's due. Mergermarket just published our 1H 2024 financial advisory rankings, and while Goldman Sachs always plays a prominent role, it surpassed (probably even its own) expectations this year. First globally (nach), but also in the US, Europe and Asia-Pacific. Woh. Not enough? Well then, it even topped global private equity buyouts by ranking and second by deal count. Still not enough? Well, how is this for the icing on the cake, the glaze on the donut, the golden lattice on the pie - it stood first globally for PE exits. Now that's what I call #globaldominance #MNA #investmentbanking #goldmansachs #americas #europe #asiapacific

Private equity firms are under high pressure from sponsors to exit companies, with selling activity likely to pick up after the US election, according to Anthony Diamandakis , the global head of Citi’s global asset managers team. Buyout firms’ portfolios are bigger than they have ever been, and “the pressure is high” to return cash to investors, Diamandakis said in an interview with Manus Cranny and Dani Burger on Bloomberg TV. The banker, who leads the team at Citi that advises alternative asset managers, expects selling activity to pick up over 2025-2027, making up for a lack of exits over the prior few years. https://lnkd.in/gkcywKS9

📈 Exciting times ahead in fixed income markets! In the first half of 2024, the private markets CLO issuance is on its to beat past records. Blackstone projects a remarkable 20-fold increase in the longer run, highlighting: - Demand for equity-like returns with low credit risk. - Shift from banks to private credit providers. - Expanding opportunities in real economy financing fuelling growth across sectors like infrastructure and real assets. At H Capital Ventures, specializing in private markets fixed income issuance, we're witnessing this surge firsthand. - Growth is predicated to surge from $1.7 trillion to an estimated $25 trillion. - CLO issuance estimated to reach in 2024 to $210bn between the US and Europe. In addition to Blackstone, also Deutsche Bank, Barclays, Morgan Stanley, and Bank of America increased their forecasts. Happy to share more information how are we active in this asset class. #PrivateMarkets #FixedIncome #HCapitalVentures #Blackstone #Finance Efroyim Hecht Moshe Shapoff Sufyan Abu Al Soud Perrie Perilly Olivier Gilkinet

The latest announcement in the financial world marks a "turning point" for banks. Private equity firm KKR is buying a stake in Cotiviti, a healthcare tech and data company, for a whopping $10.5 billion. *Investment banks including JPMorgan and Goldman Sachs are providing $5 billion in loans to back the acquisition.* This deal shows that banks will be running neck to neck with private credit peers as the LBO market heats up in the coming months. This is a decided shift from 2023 when LBOs were almost exclusively financed by private lenders. Funding leveraged buyouts can be a pretty lucrative business, as long as you don't get stuck holding debt at below-market rates. Wall Street's banks have largely moved past the dislocations of 2022 and are ready to get back in the game. Exciting times ahead for healthcare and the financial sector! #finance #investment #healthcare #technology

Momentum builds in the GP-led secondary market. General Partners (GPs) continue to seek alternative liquidity solutions in the secondary market to monetize their investments amidst a challenging exit environment. The GP-led secondary market delivered a strong first half of the year with $29 billion in transaction volume, contributing to UBS’s expectation that full year volume will approach record highs What factors are driving this surge in activity, and how are buy-side pools of capital evolving? Read more from the UBS Private Funds Group: https://from.ubs/6043mTKfz #shareUBS

There is growing optimism behind secondary trading in private equity funds after an uptick in activity in the second half of 2023, according to The Wall Street Journal.   While this is partly down to the lack of IPO opportunities, the real driving force is transformative technology which has enabled investors to trade and settle private assets as seamlessly as those in public markets.    By embracing secondaries, private equity firms can achieve quicker exits, providing returns to limited partners and boosting their performance, while investors can access mature assets at reasonable prices.    Read the full story here: https://lnkd.in/diG7S9zH      #Secondaries #PrivateEquity #PrivateMarkets 

Goldman Sachs amassed a war chest of more than $20bn for private credit investments, underscoring the surge of interest in the asset class. The alternatives part of its asset management arm announced the final close of West Street Loan Partners V, its latest in a series of large-cap senior direct lending vehicles, at $13.1bn total capital. In addition, Goldman Sachs Alternatives closed on more than $7bn in large-cap senior direct lending management accounts and $550m of co-investment vehicles. Institutional investors in the strategy include US and international pension plans, insurance companies, and sovereign wealth funds. Investors from Goldman Sachs Private Wealth Management, family offices, and third-party wealth channels also made commitments. "The market for senior direct lending continues to benefit from the growing demand from financial sponsors. While we expect the syndicated markets and private credit markets to continue to co-exist, we are seeing an increase in attractive opportunities for alternative lending sources that can provide size, structural flexibility and certainty of execution to borrowers," James Reynolds, Goldman Sachs Alternatives Global Head of Direct Lending. #MergersAcquisitionsDivestitures #PrivateCredit #Lending

Election cycles have historically created turbulence for the S&P 500, from 2000’s uncertainty to 2008’s financial crisis, and 2020’s volatility. The key lies in managing expectations and capitalizing on post-election rebounds! #elections #SP500

Tactical Alpha Strategy | This Week's Analysis - Justin Collazo This is a chart of the Goldman Sachs Panic index, a rolling percentile of four equity volatility metrics. This spiked to the highest level in two years. The bottom line is volatility likely compresses after the initial panic, likely sometime this week. This should help put a short-term floor in the market. Read full story here: https://buff.ly/4fqFfsl For more information on our #tactical #alpha #strategy product, and other Aletheia Capital research, please contact info@aletheia-capital.com #investments #advisory #ideas #fintech #InYourCorner