PE Key Trends Blog

Private Equity KeyTrends #12 - July 2, 2013

Jul 3, 2013 9:47:50 AM / by Robert Ientile posted in keytrends, newsletter, Palico, PE KeyTrends, private equity, V2

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A concise fortnightly distillation of key private equity news, with links to noteworthy PE articles and studies, edited by Palico – The Online Marketplace for Private Equity LPs, GPs and Advisers

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Private Equity KeyTrends #11 - June 18, 2013

Jun 18, 2013 8:57:57 PM / by Robert Ientile posted in keytrends, newsletter, Palico, PE KeyTrends, private equity, V2

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A concise fortnightly distillation of key private equity news, with links to noteworthy PE articles and studies, edited by Palico – The Online Marketplace for Private Equity LPs, GPs and Advisers

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Private Equity KeyTrends #10 – June 4, 2013

Jun 6, 2013 10:15:46 AM / by palico posted in keytrends, Palico, PE KeyTrends, private equity, V2

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A concise fortnightly distillation of key private equity news, with links to noteworthy PE articles and studies, edited by Palico – The Online Marketplace for Private Equity LPs, GPs and Advisers

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Private Equity KeyTrends #9 - May 21, 2013

May 21, 2013 7:54:30 PM / by Robert Ientile posted in keytrends, Palico, PE KeyTrends, private equity, V2

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A concise fortnightly distillation of key private equity news, with links to noteworthy PE articles and studies, edited by Palico – The Online Marketplace for Private Equity LPs, GPs and Advisers

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Private Equity KeyTrends #8 - May 7, 2013

May 7, 2013 8:08:38 PM / by Robert Ientile posted in keytrends, Palico, PE KeyTrends, private equity, V2

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A concise fortnightly distillation of key private equity news, with links to noteworthy PE articles and studies, edited by Palico – The Online Marketplace for Private Equity LPs, GPs and Advisers

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More Money To Fewer Funds Means GPs Must Stand Out More

Apr 23, 2013 5:46:37 PM / by Robert Ientile posted in funds, gps, private equity, Private Equity Market, V2

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The past couple of weeks have been full of encouraging news for private equity fundraising.

According to recently released industry statistics, some 130 private equity funds held final closes worth slightly more than $69 billion between January and March, with buyout fundraising - the lion’s share of volume - nearly doubling.

Silver Lake Partners closed on $10.3 billion, a record for a technology-focused private equity fund; KPS Special Situations Fund IV raised $3.5 billion in under four months and StepStone Group blew past its $350 million target for its latest secondaries vehicle, adding $100 million to the final close.

There are many reasons to believe that 2013 will be the best year for global fundraising since before the great recession began in 2009.

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Private Equity KeyTrends #6 - April 9, 2013

Apr 9, 2013 5:46:30 PM / by Robert Ientile posted in keytrends, Palico, PE KeyTrends, private equity, V2

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A concise fortnightly distillation of key private equity news, with links to noteworthy PE articles and studies, edited by Palico – The Online Marketplace for Private Equity LPs, GPs and Advisers

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What’s Behind the Exceptionally Tight Pricing and Stability of PE Funds Sold on the Secondary Market

Apr 9, 2013 4:12:37 PM / by Robert Ientile posted in Palico, private equity, Private Equity Market, secondaries, secondary, V2

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Despite the ebbs and flows of the world’s public equity markets, secondary pricing for private equity funds has remained remarkably stable over the past two years, with the average discount to net asset value of top bids hovering near the 10 percent mark since mid-2010.

Today there is every reason to believe that secondary pricing is more insulated than it has been in the past from public market swings. There is also plenty of reason to believe that secondary pricing versus net asset value will narrow further for all but end-of-life secondary directs.

The average discount today in the secondary market for PE funds is around 9 percent, but more than 60 percent of funds are trading at discounts of less than that, with many selling at par or even at small premiums, according to Palico estimations.

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Technology is the Key to Unlocking Asian-Style Returns in Africa

Mar 26, 2013 1:12:57 PM / by Robert Ientile posted in africa, palico member, private equity, Private Equity Market, V2

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By Palico member Andrea Bohmert, partner at Knife Capital in Cape Town

Africa is still a neglected continent relative to its potential private equity opportunities. While those with an investment connection to Africa tend to have an overwhelmingly positive attitude regarding the opportunity the continent represents, those with no connection, on average, still have a starkly negative view. This is a point underlined by Building Bridges, Ernst & Young’s 2012 Africa attractiveness survey.

The positive perception amongst those investors with a business presence on the continent is so strong that on average they rated only Asia (and only slightly so) as a relatively more attractive investment destination than Africa in the Ernst & Young survey. However, participants with no connection to Africa viewed it “as the least attractive investment destination in the world.” That perception is wholly unjustified. But it does mean that Africa, relative to other emerging markets, remains an uncrowded land of opportunity, particularly Sub-Saharan Africa, with its strong demographics and largely untapped consumer potential.

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Private Equity KeyTrends #4 - March 12, 2013

Mar 13, 2013 6:15:05 PM / by Robert Ientile posted in keytrends, PE KeyTrends, private equity, V2

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A concise fortnightly distillation of key private equity news, with links to noteworthy PE articles and studies, edited by Palico – The Online Marketplace for Private Equity LPs, GPs and Advisers

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