With $3.4 trillion raised in the last five years, the private equity (PE) industry continues to expand to ever-greater proportions. In this report we explore some of the key trends on the horizon.
We examine Europe’s growing preference for ‘preferred equity’, increasingly being used to fill the funding gap created by PE firms stretching to hit high valuations. It’s making buyouts happen that might otherwise fail – but at what cost?
We shine a light on blockbuster fund growth, with the likes of Softbank seeking to replicate the success of its $100 billion tech-focused Vision Fund, with a $108 billion target for the sequel. Elsewhere, KKR proves there’s legs on the rapidly growing social impact investment trend, by sailing past fundraising targets for its Global Impact Fund.
Alternative meets ‘alternative’, as private credit bets big on the thriving cannabis sector, with firms like Monroe Capital cutting direct lending deals too hot for banks who are hamstrung by regulation.
Finally we look at the allure illiquid assets are casting on fund managers chasing returns in a hyper-low yield global debt market. And with fears that public equities have peaked, investors are understandably targeting the private markets, where it’s possible to find higher rewards in exchange for lower liquidity.
These are exciting times for private equity and we hope you find this report valuable. At Bloomberg we understand the vital role preparation plays in great private equity investments. To request a demo of Bloomberg’s powerful solutions for private equity, please complete the short form at the end.
