Ardian has just raised $30 billion for its ninth generation secondaries fund. That makes it the largest secondaries fund ever launched, reflecting the incredible rise to prominence of private equity secondaries; will it be on track to exceed last year’s $150 billion in deal volume?
Apollo Global Management is weighing up a massive $9.5 billion investment to help Seven & I Holdings, the parent company owner of the iconic 7-Eleven convenience stores, go private. Will Apollo execute the right martial art moves to get the management buyout, led by the founding Ito family, over the line?
Snowy conditions have greeted us as we head in to 2025 but will there be a blizzard of investment activity for GPs with 2020/2021 fund vintages? Apparently they are sitting on more than $500 billion of dry powder (globally) and the five-year investment clock is beginning to tick louder.
How’s the weather looking? If it’s cloudy then fear not as there could be good times ahead for private wealth investors. US-based wealth technology firm InvestCloud has launched its Private Markets Account™ (PMA) to make it even easier for the wealth management industry to manage alternative investments alongside public market assets.
While the era of cheap capital and high leverage might be over, there are significant tailwinds for GPs to harness and ride the next wave of innovation, seeking out creative ways to do deals and accelerate performance.
Digitization and other mega trends offer huge potential for GPs to consider how to build companies, invest in large-scale projects, and find new ways to transfer the economics of value creation over an extended timeframe.
The private wealth industry is looking closely, seeking more and more ways to partner with best-in-class managers to develop novel, ‘evergreen’ fund vehicles and put capital to work that can transform the interests of Europe for decades to come.