Carry On Investing
One of the key messages that came out of IPEM 2023 at Cannes last week was that allocators are trying to maintain their commitments to private markets, despite concerns over higher interest rates. Rather like walking a tight rope, LPs are taking a ‘steady eddy’ approach and appear to be continuing to allocate to PE funds as diligently as ever. This is not the time to be thinking about skipping a vintage and regretting it in years to come. Disciplined deployment appears to be the name of the game, and while fundraising is expected to take longer, GPs might at least take solace in the LP mind set of “keep calm and carry on investing”.