Winterflood Research’s Post

"We continue to see an attractive opportunity set for the private equity secondary market given a number of factors, including continued pressure from limited partners for liquidity, fundraising timeline pressure from sponsors, as well as limited accessibility to IPO, M&A and debt markets.” Barry Miller, CEO of Ares Private Markets Fund, on the current market environment and the challenges that will continue to provide supportive tailwinds to secondaries providers. More from Barry and other industry leaders in the full SecondaryLink article: https://lnkd.in/em8jKrm6

The Private Equity landscape is undergoing a significant shift, marked by unprecedented consolidation. What does this mean for fund managers and investors? Laurent Capolaghi, our Private Equity leader, and Sonia Michel, Private Equity senior explore the dynamics of this trend along with the expected opportunities and challenges on their latest Agefi article. Read the full analysis below: https://go.ey.com/3IbquKh #PrivateEquity #Consolidation #Funds #Investments

Analysis of seven '40 Act funds investing in secondaries details one-year, since-inception, and weighted average returns across various share classes. Check out the story.

Today, Ocean Capital provided significant updates on its campaigns for change at nine UBS Puerto Rico closed-end funds. The U.S. District Court for the District of Puerto Rico issued an opinion and order and final judgment ordering PRITF I, PRITF VI and TFF I to seat the duly elected directors nominated by Ocean Capital. The funds have filed an “emergency motion” for stay pending appeal. Oral argument is scheduled for September 10, 2024. Ocean Capital is prepared to refute the funds’ positions on their appeal and will continue to fight for the rights of shareholders regardless of time or cost. Based on a preliminary vote count, shareholders voted to elect Ocean Capital’s nominees at TFF I’s 2024 annual meeting by a 105:1 margin. This marks the 9th Annual Meeting at which shareholders have voted to elect Ocean Capital’s nominees – yet the funds continue to ignore the lawful shareholder votes. Lastly, Ocean Capital urges Popular Asset Management and UBS to answer questions regarding Popular’s resignation as co-advisor to PRITF I. Read more: https://lnkd.in/ePrik3bx

“Why GP stakes is the strategy of the moment.” Private Equity International recently published an interesting article with the above title, referring to funds that make minority investments in private capital firms themselves, rather than in the funds they manage. “For years, the number of participants in this niche corner of the industry could be counted on two hands; now, the strategy has had enough time to prove itself a viable one and is benefitting from LP’s increased appetites and potential investment targets as a result,” writes Helen de Beer. I wholeheartedly agree. We also see investors embracing GP stakes funds, and with good reason. These investments could unlock a distinctive return profile, as well as diversification benefits.   Read our article for more: https://moonfa.re/3zoYNwN #PrivateMarkets #PrivateCapital #PortfolioConstruction #GPStakes #Investing #Finance #InvestorInsights #Diversification

Is this an increasing trend or a "hiccup". Many things have changed over the last few years and perhaps even a need to return to the original concepts of Private Equity (aka Development Capital). For years, funds have been holding assets and riding on low interest rates and financial tools. Today, we require more - As an experienced Strategic Operating Partner, I know that an Operating Partner's (OP) insights can add significant value to the fund for early stage qualification, the development of the investment thesis, approval from the IC and working over the lifetime of the investment with the portco exec management teams and the PE team to create value, define exit strategy and increased investment returns. Jessica Hamlin PitchBook #privateequity #investment #funds

We engaged 50+ shareholders this month at our 2024 seminar. Catch up by watching the video recording, for professional and qualified investors, at: https://lnkd.in/dRMMXcsp Capital at risk*. Topics covered: ✅ Navigating the private equity landscape today ✅ The environment for financing buyouts ✅ Secondaries and their role in a portfolio ✅ ICG Enterprise Trust’s positioning and opportunity set #PrivateEquity #Secondaries #ListedPE *Investments involve risks, including the risk of capital loss. Past performance is not a reliable indicator of future results.

How to ensure alts exposure adds value to your portfolio (via InvestmentNews): https://ow.ly/8mXv50SHm8L #alternativeinvestments #alternativeassets #funds #investmentnews

Capital Group opens flagship global equity strategy New Perspective to UK investors. Capital Group has launched a UK-domiciled OEIC version of its New Perspective fund to give UK investors greater access to global equities. Chris Miles. Check out Sorin-Andrei Dojan's latest article👇 https://incm.pub/47wnVyz #investing #assetmanagement #wealthmanagement #finance

In a recent Private Equity International article, Meketa’s Steven Hartt comments on how investors can evaluate the sources of distributions to paid-in capital (DPI) generated by GP’s, and how this research impacts due diligence processes when evaluating managers. Read more: https://lnkd.in/exBaq3dG Disclaimer: https://bit.ly/3hJJP7G #InstitutionalInvesting #PrivateEquity