McKinsey Global Private Markets Review 2024: Private markets in a slower era https://www.mckinsey.com/industries/private-equity-and-principal-investors/our-insights/mckinseys-private-markets-annual-review?cid=eml-webMcKinsey & Company
Global Private Markets Report 2025: Braced for shifting weather
In McKinsey’s latest annual Global Private Markets Report we look at some of the biggest trends shaping private equity in 2025 and beyond.
Private Equity » Private equity, history and further development
https://archive.blogs.harvard.edu/nhonma/2008/12/27/private-equity-history-and-further-development/
https://archive.blogs.harvard.edu/nhonma/2008/12/27/private-equity-history-and-further-development/
What is Private Equity Investing? All You Need to Know | TIME Stamped
https://time.com/personal-finance/article/what-is-private-equity-investing/
https://time.com/personal-finance/article/what-is-private-equity-investing/
The Alternative Truth of Private Equity and What That Means for Asset Allocation
https://www.institutionalinvestor.com/article/2d1ym08qzgtjeg00mlatc/opinion/the-alternative-truth-of-private-equity-and-what-that-means-for-asset-allocation
https://www.institutionalinvestor.com/article/2d1ym08qzgtjeg00mlatc/opinion/the-alternative-truth-of-private-equity-and-what-that-means-for-asset-allocation
Institutional Investor
The Alternative Truth of Private Equity and What That Means for Asset Allocation
Christopher Carrano at Venn by Two Sigma sets out to answer whether PE truly offers diversification to long equity and bond markets.
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What is private equity investment, what are its types and how to analyze private equity - ICICIdirect
https://www.icicidirect.com/research/equity/finace/private-equity-investment
https://www.icicidirect.com/research/equity/finace/private-equity-investment
ICICI Direct
What is private equity investment, what are its types and how to analyze private equity - ICICIdirect
Private equity investment refers to the allocation of capital to privately held companies in exchange for an ownership stake. Read more only at ICICI Direct.
Endeavor Going Private In Deal Valued At $13 Billion
https://deadline.com/2024/04/endeavor-goin-private-silver-lake-1235874031/
https://deadline.com/2024/04/endeavor-goin-private-silver-lake-1235874031/
Deadline
Endeavor Going Private In Deal Valued At $13 Billion
Endeavor Group Holdings, parent of talent agency WME and controlling shareholder in combat sports powerhouse TKO Group, is going private.
ELTIF: European Long-Term Investment Funds Explained
https://www.moonfare.com/glossary/eltifs-european-long-term-investment-funds
https://www.moonfare.com/glossary/eltifs-european-long-term-investment-funds
What is an ELTIF?
A European Long-Term Investment Fund (ELTIF) is an investment vehicle that makes long-term investments into private (unlisted) assets. ELTIFs are regulated investment funds with low minimums, designed to be accessible to all investors.
A European Long-Term Investment Fund (ELTIF) is an investment vehicle that makes long-term investments into private (unlisted) assets. ELTIFs are regulated investment funds with low minimums, designed to be accessible to all investors.
The new and growing source of fundraising for private equity (PE) firms is the retail market.
PE firms are looking to tap into the retail market by offering PE retail products or rolling out such products.
This is similar to what has been done in the real estate and credit fund sectors.
Retail investors, who have a significant amount of capital allocated to the private markets, are seen as a large growth catalyst for PE firms to expand their assets under management (AUM).
BlackRock, for example, has launched a PE retail fund called BXPE, which had its first close of $1.3 billion in January. Other firms, such as KKR and Carlyle, are also planning to enter the PE retail market.
This trend is driven by the belief that the retail market has a low single-digit allocation to the private markets, presenting an opportunity for PE firms to attract retail investors and increase their AUM.
PE firms are looking to tap into the retail market by offering PE retail products or rolling out such products.
This is similar to what has been done in the real estate and credit fund sectors.
Retail investors, who have a significant amount of capital allocated to the private markets, are seen as a large growth catalyst for PE firms to expand their assets under management (AUM).
BlackRock, for example, has launched a PE retail fund called BXPE, which had its first close of $1.3 billion in January. Other firms, such as KKR and Carlyle, are also planning to enter the PE retail market.
This trend is driven by the belief that the retail market has a low single-digit allocation to the private markets, presenting an opportunity for PE firms to attract retail investors and increase their AUM.
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Investing Wisdom And Life Lessons From Blackstone Billionaire Steve Schwarzman
https://www.forbes.com/sites/sergeiklebnikov/2024/04/13/investing-wisdom-and-life-lessons-from-blackstone-billionaire-steve-schwarzman/
https://www.forbes.com/sites/sergeiklebnikov/2024/04/13/investing-wisdom-and-life-lessons-from-blackstone-billionaire-steve-schwarzman/
Forbes
Investing Wisdom And Life Lessons From Blackstone Billionaire Steve Schwarzman
Steve Schwarzman’s guiding philosophy has always been to “go big,” and despite having surpassed $1 trillion in assets, he isn't finished expanding Blackstone.
French VC funds
1.
https://www.cidif-capital.fr/en/fip-fcpi-fcpr
2.
https://citywire.com/selector/news/majority-of-french-vc-funds-for-retail-investors-fail-to-deliver/a2439201
1.
https://www.cidif-capital.fr/en/fip-fcpi-fcpr
2.
https://citywire.com/selector/news/majority-of-french-vc-funds-for-retail-investors-fail-to-deliver/a2439201
Cidif Capital
FCPR : FIP & FCPI | Fonds d'Investissement de Proximité & Le fonds commun de placement dans l'innovation | Cidif Capital | Gestion…
Les FIP (Fonds d'Investissement de Proximité) & FCPI offrent de nombreux avantages fiscaux comme une réduction d'impôt sur le revenu égale à 18% des souscriptions en numéraire ainsi que sur les plus-values éventuelles qui seront exonérées d'impôt sur les…
PE-backed firms handle financial distress differently compared to non-PE-backed firms. Some key differences include:
1. Operational restructuring: PE-backed firms focus on operational improvements, implementing cost-cutting measures, streamlining operations, and restructuring the business to improve cash flow and profitability.
2. Capital infusion: Private equity investors may inject additional capital into distressed portfolio companies to strengthen their financial position.
3. Debt restructuring and negotiations: PE-backed firms engage in negotiations with creditors and lenders to restructure debt obligations, leveraging their relationships and expertise in debt restructuring.
4. Strategic portfolio management: Private equity investors actively manage their portfolio companies, divesting non-core assets, consolidating operations, and pursuing strategic partnerships or acquisitions.
5. Long-term focus: PE-backed firms have a longer investment horizon, allowing them to weather short-term financial distress and focus on long-term growth and profitability.
6. Expertise and resources: Private equity firms provide guidance, operational expertise, and access to their network of industry experts to help distressed portfolio companies navigate through challenging times.
It is important to note that the approach to handling financial distress can vary depending on the specific circumstances and strategies employed by individual private equity firms. Additionally, non-PE-backed firms may also employ similar strategies, but the involvement of private equity investors can provide additional resources and expertise that may give PE-backed firms an advantage in managing financial distress.
1. Operational restructuring: PE-backed firms focus on operational improvements, implementing cost-cutting measures, streamlining operations, and restructuring the business to improve cash flow and profitability.
2. Capital infusion: Private equity investors may inject additional capital into distressed portfolio companies to strengthen their financial position.
3. Debt restructuring and negotiations: PE-backed firms engage in negotiations with creditors and lenders to restructure debt obligations, leveraging their relationships and expertise in debt restructuring.
4. Strategic portfolio management: Private equity investors actively manage their portfolio companies, divesting non-core assets, consolidating operations, and pursuing strategic partnerships or acquisitions.
5. Long-term focus: PE-backed firms have a longer investment horizon, allowing them to weather short-term financial distress and focus on long-term growth and profitability.
6. Expertise and resources: Private equity firms provide guidance, operational expertise, and access to their network of industry experts to help distressed portfolio companies navigate through challenging times.
It is important to note that the approach to handling financial distress can vary depending on the specific circumstances and strategies employed by individual private equity firms. Additionally, non-PE-backed firms may also employ similar strategies, but the involvement of private equity investors can provide additional resources and expertise that may give PE-backed firms an advantage in managing financial distress.
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