But it’s still a tough market for new GPs, given continued fierce competition for scarce investment capital.
High net-worth investors have been backing secondaries funds at 'astonishing' rates
The subpar fundraising environment of the past two years has played a role in spurring interest in co-investments, but it’s not the only driving force behind the rising trend.
The firm saw 'real strength' in its private equity and infrastructure wealth products over the past year, head of investor relations Craig Larson said on its Q3 earnings call.
The company is offering its syndication invitations from relationship GPs directly to some of its wealthier clients.
A study by the bank and the HEC School of Management has also reinforced earlier findings that single-asset CVs perform largely in line with buyout funds, while offering lower return dispersion.
The credit advisory unit is seeking to fill a void by offering financing for PE employees who need assistance in meeting co-investment obligations, head of origination Mathieu Rabiller tells PEI.
Individual investors will demand a more sophisticated customer experience with better ease of access and improved transparency, Hirsch tells PE Hub.
Agency publishes criteria for NAVs backed by LP secondaries interests, with plans to rate other NAV types down the road.
The new tool helps PE and private credit firms streamline fundraising processes.