The democratization of private equity is about expanding access to the asset class by solving the structural and operational barriers to investing, says Neuberger Berman’s Peter von Lehe.
The growth of evergreen vehicles, tailored educational support and the arrival of sector specialists are helping to open up private markets to individual investors, says Vista Equity Partners’ Dan Parant.
Private equity firms are strengthening and leveraging their internal skill sets and focusing on value creation within their tech portfolios while they wait for exit conditions to improve, says Baker McKenzie’s Eric Schwartzman.
The SEC private fund rules will provide a regulatory framework around GP-led secondaries, ultimately supporting their continued growth, say Tim Toska and Emily Ergang Pappas of Alter Domus.
As contributions exceed distributions in the private equity asset class, the secondaries market is proving more important than ever, says Northleaf Capital Partners managing director Matthew Sparks.
Following a drought in distributions, private equity dealmaking is showing signs of awakening in 2024, writes Yann Robard, managing partner at Dawson Partners.
Liquidity challenges seem to be fueling secondaries dealflow, presenting compelling opportunities for buyers, say Tristram Perkins, Ben Perl and Victor Ko at Neuberger Berman.
The next phase of secondaries will see GPs embracing a broader range of interim liquidity solutions, say David Wachter and Todd Miller at W Capital Partners.
As its popularity continues to grow, the secondaries market is seeing increased levels of innovation, competition and regulatory scrutiny, say Gibson Dunn’s Shukie Grossman, Sean McFarlane and Kate Timmerman.
An abundance of deal opportunity and shortage of competition mean that mid-market GP-leds are the place to be, say New 2ND Capital partners Clay Cole and Evert Vink.