Joe Marsh

The head of private equity primaries for the US firm’s External Investing Group talks about the implications of longer fundraises and why LPs are delaying commitments to GPs.

If private equity fundraising rebounds next year, as is widely expected, how can first-time GPs give themselves the best chance of success?

But it’s still a tough market for new GPs, given continued fierce competition for scarce investment capital.

Schroders’ latest investor insights survey shows LPs widely expecting to allocate again to certain illiquid assets, above all private equity and credit. This reflects what the fund house is hearing from clients.

The US state institution aims to invest more in private assets at the expense of its public market exposure.