Tiff Armstrong’s Post

As we progress into the latter half of 2024, there have been considerable changes in economic conditions, the rate environment, credit markets, and buyer-seller dynamics. Although some uncertainty persists, the pillars of a much stronger M&A market are taking shape. Concurrently, many private equity groups are contending with a relative lack of high-quality opportunities, valuation gaps between buyers and sellers, and the need to generate liquidity for investors amid elongated hold periods. In this complex environment, PEGs are increasingly exploring innovative approaches to generating liquidity, raising capital, and financing growth. A growing number are achieving these goals through various private capital solutions, from GP-led secondary transactions like continuation vehicles to portfolio company financings, including preferred equity. In this article, we highlight several recent Harris Williams transactions that exemplify the growing interest and uptick in activity across private capital solutions.

As we progress into the latter half of 2024, there have been considerable changes in economic conditions, the rate environment, credit markets, and buyer-seller dynamics. Although some uncertainty persists, the pillars of a much stronger M&A market are taking shape. Concurrently, many private equity groups are contending with a relative lack of high-quality opportunities, valuation gaps between buyers and sellers, and the need to generate liquidity for investors amid elongated hold periods. In this complex environment, PEGs are increasingly exploring innovative approaches to generating liquidity, raising capital, and financing growth. A growing number are achieving these goals through various private capital solutions, from GP-led secondary transactions like continuation vehicles to portfolio company financings, including preferred equity. In this article, we highlight several recent Harris Williams transactions that exemplify the growing interest and uptick in activity across private capital solutions.

As we progress into the latter half of 2024, there have been considerable changes in economic conditions, the rate environment, credit markets, and buyer-seller dynamics. Although some uncertainty persists, the pillars of a much stronger M&A market are taking shape. Concurrently, many private equity groups are contending with a relative lack of high-quality opportunities, valuation gaps between buyers and sellers, and the need to generate liquidity for investors amid elongated hold periods. In this complex environment, PEGs are increasingly exploring innovative approaches to generating liquidity, raising capital, and financing growth. A growing number are achieving these goals through various private capital solutions, from GP-led secondary transactions like continuation vehicles to portfolio company financings, including preferred equity. In this article, we highlight several recent Harris Williams transactions that exemplify the growing interest and uptick in activity across private capital solutions.

As we progress into the latter half of 2024, there have been considerable changes in economic conditions, the rate environment, credit markets, and buyer-seller dynamics. Although some uncertainty persists, the pillars of a much stronger M&A market are taking shape. Concurrently, many private equity groups are contending with a relative lack of high-quality opportunities, valuation gaps between buyers and sellers, and the need to generate liquidity for investors amid elongated hold periods. In this complex environment, PEGs are increasingly exploring innovative approaches to generating liquidity, raising capital, and financing growth. A growing number are achieving these goals through various private capital solutions, from GP-led secondary transactions like continuation vehicles to portfolio company financings, including preferred equity. In this article, we highlight several recent Harris Williams transactions that exemplify the growing interest and uptick in activity across private capital solutions.

As we progress into the latter half of 2024, there have been considerable changes in economic conditions, the rate environment, credit markets, and buyer-seller dynamics. Although some uncertainty persists, the pillars of a much stronger M&A market are taking shape. Concurrently, many private equity groups are contending with a relative lack of high-quality opportunities, valuation gaps between buyers and sellers, and the need to generate liquidity for investors amid elongated hold periods. In this complex environment, PEGs are increasingly exploring innovative approaches to generating liquidity, raising capital, and financing growth. A growing number are achieving these goals through various private capital solutions, from GP-led secondary transactions like continuation vehicles to portfolio company financings, including preferred equity. In this article, we highlight several recent Harris Williams transactions that exemplify the growing interest and uptick in activity across private capital solutions.

Do you favor GP-led or LP-led transactions when considering secondaries investments? Learn about the relative merits and considerations of each side of this growing asset class. https://bit.ly/3MxGfha

We believe private credit should be an integral part of insurers’ portfolios. Implementing its allocation requires thoughtfulness around investment vehicle, manager selection, and relevant capital and regulatory considerations. Take a read through Antares Capital LP's latest primer on the asset class: bit.ly/4bdOmtf

Looking to squeeze more operational value out of assets? A dusting off of old tactics (and new ideas) #privateequity #valuecreationplanning

Despite some lingering uncertainty, the pillars of a significantly more robust M&A market are becoming clearer. At the same time, many private equity groups are grappling with a relative lack of high-quality opportunities and increasingly exploring innovative approaches to generating liquidity, raising capital, and financing growth. A growing number are achieving these goals through various private capital solutions, from GP-led secondary transactions like continuation vehicles to portfolio company financings, including preferred equity. This article highlights several Harris Williams transactions that exemplify the growing interest and recent upticks in these activities.

It's been a challenging year for the real estate capital markets, especially for middle-market sponsors looking for capital… but hard times breed innovation!  On September 20th we’re hosting a webinar: "Raising Capital in a Challenging Time: Alternative Debt and Equity Sources for Real Estate Sponsors". Link to register in comments. Speakers include: Gary Mozer, Marcus & Millichap Mo Saraiya, Madison International Brandon Sedloff, Juniper Square Paul Stanton, PTB Sandor Valner, PTB The 90-minute webinar will review: - Where is capital being raised? And from whom? - Changes in the equity capital markets:  Pref is the new equity for now, active niche investors, rise of platform investments and alternative equity products - State of the debt capital markets - New real estate asset classes and business models - Q&A The webinar will be limited to 50 attendees to ensure constructive Q&A.