PERE Credit’s Post

Details of 21 #secondaries funds, including those by AlpInvest Partners, BlackRock and Coller Capital, have been disclosed in documents prepared for a US pension. https://okt.to/RS6HWC #Fundraising #PrivateEquity

After 'mega funds' dominated the fundraising landscape in private equity throughout 2023, Cinven has become the 1st to successfully close in 2024. They have raised their 8th fund at $14.5bn. Excellent article which goes into rare detail about the process of raising the fund and what challenges they encountered in the journey. #privateequity #pe #fundraising

Addleshaw Goddard's latest Funds Trends Report showcases the effects of longer #fundraising and investing periods on the economics of the GP-LP relationship. We sat down with Jeremy Cross, Jan Grüter and Ben Cocoracchio for a deep dive into the findings. Read it all here: https://lnkd.in/dr3QxA32 #privateequity #venturecapital #assetmanagement #alternativeinvestments #carriedinterest #managementfees #institutionalinvestors #limitedpartners #fundmanagement #operationalexcellence

The distribution yield for US private equity firms totaled 9% last year — well below the 22% average figure in the past 25 years and the lowest level since the 2008 great financial crisis! For many limited partners, such as endowments, pension funds and family offices, distributions aren’t only a measure of an investment’s success, the fund pensions, philanthropic activities, budgets, and provide capital for investors to make commitments to future private capital funds. The focus on cash returns is ratcheting up pressure on private equity sponsors to deliver in a tough dealmaking environment. Distributed to paid-in capital (DPI)— the ratio of cash generated to what’s invested — has overtaken IRR as the most critical metric for limited partners and therefore should be at the very forefront for sponsors as they want to raise their next funds in 2024/25! ##privatemarkets #privatecapital #privatefunds #privateequityfirms #privateequityfunding #privateequity #privatecredit #privatedebt #privatecompanies #privateassets #institutionalinvestor #limitedpartners #sponsor #liquidity #dpi #growthcapital #venturecapital #venturecapitalist #venturefunding #venturedebt #fundraising

📈 Exciting News in the Private Funds Market! 🚀 Panellists at this year's Private Funds CFO New York Forum discussed the surge in secondaries fundraising and its potential impact on the market. Here are the key highlights: 1.- Increased Competition: With fundraising on the rise, there's potential for tighter bid-ask prices, enhancing pricing dynamics for sellers. 2.- Greater Choices: The heightened pace of fundraising offers sponsors more options for secondaries transactions, providing additional flexibility. 3.- Resilience Amidst Challenges: Despite the high-rate environment, the secondaries market has remained robust, offering stability and opportunities. 4.- Continuation Funds: These have emerged as valuable tools, particularly amid higher rates, as they eliminate the need for asset refinancing. 5.- Liquidity Generation: Secondaries play a crucial role in generating liquidity for primary fund investors, offering them capital for redeployment. The recent record-breaking secondaries fundraising in 2023, totaling $117.92 billion, showcases the market's growth potential and resilience. Let's stay tuned to witness how these developments shape the future of the venture capital landscape! 💼 #PrivateFunds #Fundraising #MarketTrends #InvestmentOpportunities

Despite tough fundraising headwinds, two middle-market private equity funds are expected receive a total of nearly $100 million of commitments from the Nebraska Investment Council when the NIC meets tomorrow. Constitution Capital Partners and McCarthy Capital are each expected to receive commitments from the $36 billion NIC when it gathers for its bimonthly council meeting tomorrow. #Fundraising #Healthcare #Institutionalinvestors #Pensionfunds

🚀 Developments in Secondaries Fundraising: Key Takeaways from Private Funds CFO New York Forum 🔹 Panellists predict the surge in secondaries fundraising, may enhance options for selling GPs. 🔹 Increased competition may lead to tighter bid-ask prices, impacting pricing dynamics. 🔹 Greater fundraising provides more choices for sponsors, facilitating secondaries transactions. 🔹 Continuation funds gain momentum, offering flexibility during market fluctuations. 🔹 A deeper market is expected to alleviate conflicts, enhancing transaction transparency. 🔹 Secondaries fundraising hit a record $117.92 billion in 2023, doubling 2022's figures. 🔹 Despite higher interest rates, the secondaries market remains resilient. 🔹 Continuation funds serve as a valuable tool amid rising rates, mitigating refinancing needs. 🔹 Secondaries offer liquidity for LPs amid market uncertainties, driving market growth. 🔹 Rising rates impact fund finance costs, prompting firms to adapt and pay down lines faster. Read more in the attached article from Private Funds CFO. #Secondaries #PrivateEquity #Fundraising #MarketTrends 📈

This article illustrates that large established managers continue to raise significant amounts into their flagship private equity funds. EQT, the European private equity firm, has raised $24 bn for its private equity fund in a tough fundraising environment. It took 2 years, which included a six month extension. What is interesting is the investor base. About 70% came from existing investors such as SWFs and pension funds. An increased share of 10% came from private wealth investors. #fundraising #SWF #privatewealth #privateequity #eqt

Norway's Wealth Fund Grows: CEO's Plan for Future #assets #CEO #climatechange #diversified #economicgrowth #equityinvestments #fixedincomeinvestments #globalmarkets #GovernmentPensionFundGlobal #investmentportfolio #longtermperspective #NicolaiTangen #Norwaysovereignwealthfund #profit #realestateinvestments #responsibleinvesting #sovereignwealthfunds.

'It's very hard, actually, and it’s supposed to be the easy one...' but what fund is this selector talking about for his 'one big ongoing search' right now? Well I'll give you the answer, its European growth impact (article 9) funds. The selector, who I spoke to recently, is Sebastian Siemiatkowski whose team at SEB covers €10bn in assets. It is in fact just of the areas his team is looking in right now where getting what they want has proved weirdly tricky. Find out more on Citywire Selector 👇 #sales #citywireselector #fundselection #fundsales #assetmanagement #funds #article9 #europe https://lnkd.in/exZeRgMd