Fundraising & Structuring

In this third episode of our miniseries Private Markets and the End of Cheap Money, we explore key trends in private debt with industry professionals. While the asset class is not without challenges, some see better prospects for investing there than they have in some time.

Climate continued to dominate the private markets sustainability agenda, both in terms of ESG and impact investing.

As funds hit the market over the next few months, they will likely contend with what some sources have told me is 'LP fatigue.'

Despite a slowdown in deals in late 2022, consultancy says opportunities abound.

The amount of dry powder dedicated to impact secondaries increased markedly in 2022 – if from a very low base.

LP portfolio sales, which came back and then faded out again as the markets turned earlier this year, are expected to be a major part of volume in the second half.

There is misalignment between investors and GPs on the topics of obstacles, red flags and expectations, a Capstone survey finds – however, the market is expected to go through further standardization.

As economic uncertainty persists, fundraising is expected to remain challenging into next year.

The inclusion of retail investors has been among the biggest changes in the asset class in recent decades, said global head Verdun Perry at IPEM 2022.

According to Proskauer’s latest fundraising terms and trends report, the cost of raising a fund is increasing. There are a few culprits behind this pattern.