Tiger Global has endured a sharp decline in 2022, wiping out 2020’s gains, as US technology companies fall prey to investor inflation fears. The hedge fund’s exposure to private companies has further compounded its losses, which will prove tough to claw back over the near term. Playing across both public and private markets can lead to roaring returns when market sentiment is high but as we are now seeing, it can also deliver a sharp bite.
The deal struck by Schroders this week to acquire sustainable infrastructure manager, Greencoat Capital – outbidding ten other asset managers – suggests that demand for private market talent is red hot. Talent is a highly sought after commodity and comes with its own supply chain constraints. Buying ‘ready made’ teams of specialists might be easier than enticing people away from their well-paid roles but could this trend lead to culture clashes and disharmony?
Elon Musk’s $46 billion bid for Twitter has set the cat among the pigeons. If he succeeds, with the backing of a private equity/credit sponsor – who knows, maybe Apollo will be the one? – it will take private one of the world’s biggest social media platforms. But could it prove to be a difficult (poison) pill for private equity to swallow? After all, Twitter is an essential piece of democratic infrastructure.
The deal struck by Schroders this week to acquire sustainable infrastructure manager, Greencoat Capital – outbidding ten other asset managers – suggests that demand for private market talent is red hot. Talent is a highly sought after commodity and comes with its own supply chain constraints. Buying ‘ready made’ teams of specialists might be easier than enticing people away from their well-paid roles but could this trend lead to culture clashes and disharmony?
Our monthly IPEM RDVs are back, and this month we had the opportunity to chat with Pam Jackson, CEO of Level 20, a non-profit organization dedicated to improving gender diversity in the European private equity industry “In 2018, we launched a survey, with BVCA, to try to determine the level of women in private equity.…