Managers
A shortage of debt financing due to rising interest rates and a reluctance by banks to loosen their purse strings has caused private equity funds to rethink how they pull off large buyout deals, according to a report by Reuters.
After a rousing start to 2022, the leveraged buyout (LBO) market has slowed down, as the war in Ukraine and hawkish interest rate moves drove up financing costs and weighed down valuations, resulting in a 40.4% contraction in global buyout activity up to 14 December, according to data from Refintiv. The data also shows that the number of LBO deals
Asset managers are selling private equity holdings via secondary market transactions at a record rate as they look to cover losses from other investment and rebalance portfolios, according to a report by Reuters.
The report says that the sell-off is another signal that investors are beginning to “fall out of love” with alternative investments that until recently were flavour of the month.
With deals being negotiated privately, total turnover is difficult to gauge, although the report cites investment firm Hamilton Lane as saying that some $224 billion in private equity stakes have been offered in the secondary market this year
VI Asset Management has appointed Apex Group to provide fund administration services to its inaugural evergreen Asia private credit fund.
Blackstone is considering delaying the launch of a new flagship private equity fund for wealthy investors following heavy investor withdrawals from two other funds aimed at a similar investor base – a real estate vehicle and one private credit fund – according to a report by the Financial Times.
The Korea Investment Corporation and Golub Capital have expanded their strategic partnership, with KIC acquiring a passive, non-voting minority stake in Golub Capital’s management companies.
Northleaf Capital Partners, a global private markets investment firm, has opened a new office in Tokyo, Japan, the ninth location in the firm’s global network complementing its existing Asia-Pacific presence in Melbourne, Australia.
During periods of heightened uncertainty, co-investments can provide a means for private markets investors to gain tactical exposure to well-managed companies, including those in more defensive and resilient sectors, says Dave Brett (pictured), partner & head of co-Investments at Adam Street Partners.
BlackRock is planning to bring two more private equity European Long-Term Investment Funds to market in 2023, after raising €415m for the firm’s second ELTIF bringing total fundraising to almost €1 billion, according to a report by InvestmentWeek.
Australian corporate boards are now more receptive to engaging with private equity firms than they have been at any time in the past ten years, according to Michael Blickstead, Blackstone Inc’s head of private equity in Australia & New Zealand.
Private investment hose Ardian has become Ownership Works’ first European-based partner, allowing the firm to support and extend the impact of its existing practice of profit sharing and implementing other value sharing schemes in its portfolio companies.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
