The mantra 'DPI is the new IRR' has caught on across the PE industry, mostly because it describes the unique circumstances now faced by LPs and GPs alike.
Allvue and RSM say their new agentic AI operating model can automate fund workflows, reduce manual tasks and improve LP communications.
Nascent alternative mechanisms can grant people liquidity in private markets, from secondaries trading to target date funds in 401(k)s.
Rising redemptions and fund-level gates are exposing the limits of semi-liquid structures, especially among retail investors.
ILPA survey says LPs remain committed to private equity but are reworking manager rosters and capital deployment
Adams Street survey finds an expectation of growing allocations from individual investors despite limited awareness of private equity and credit structures.
Debt instruments will eventually be offered to wealth customers for comparison alongside private fund stake sales.
The fund vehicle offers real flexibility for managers at the moment, write Ajay Pathak and Chris Ormond of the law firm Goodwin.
Stonehage Fleming and GreenBear Group want to see aging funds wound up as quickly as possible to avoid issues such as questions around valuations.
Variable profit-sharing structures are designed to foster alignment between sponsors and secondaries buyers – but an influential LP group voices caution in proceeding.