Meme - Investcorp sure have moved quick off the blocks with this new fund

Block Party

News, WEEKLY SPIN

Signs that the block(chain) party is getting into full swing are evident with Investcorp becoming the latest guest arrival. The investment firm has announced a new partnership with Securitize to make its latest GP-stakes fund available for individual investors on a public blockchain. Tokenizing private markets funds has been underway for a few years with the likes of KKR and Hamilton Lane already lowering the cost of access to retail investors. This is a new age of block & roll for private investors; who would have thought it would be possible to invest in a GP stakes fund for as little as $20,000? Investcorp’s new tokenized offering provides a way to gain exposure to minority stake ownership of mid-market fund managers with $1 billion to $10 billion of assets under management. Who knows. Maybe this partnership will lead to a bigger chain reaction as more GPs tap in to the democratization trend.

Inspired by PitchBook

IPEM Paris 2024: Inspiration Awaits!

IPEM Paris 2024: Inspiration Awaits!

Advisors - LC2021, News, PARIS 2024, PAST EVENTS

If ever there were a city to inspire new ideas, there’s no better place than Paris. Which seems altogether appropriate as the global private markets industry gathers September 9th – 11th for the 2nd edition of IPEM Paris, where this year’s theme will be “Forging Confidence”.

Building on the success of last year’s event, which welcomed over 6,000 delegates, IPEM will once again bring together a brains trust of global GPs and LPs at the Palais des Congrès. It is a key moment for the industry, as some investors look to increase their total private markets exposure, while others scale back. Fundraising has become much harder over the last 12 months, as private equity funds increasingly find themselves competing with private debt and infrastructure funds. Some GPs are more bullish on deal flow and exit opportunities than others, while ESG issues are becoming both more and less relevant, depending on the financial institution.

How then, to make sense of the divergence of views?

LP power shift means traditional allocation trends can no longer be assumed

LP power shift means traditional allocation trends can no longer be assumed

News, PARIS 2024, PAST EVENTS

How confident are LPs today as they assess their private markets portfolios and try to determine what the best path should be? It is a big question, made all the harder by the growing sense of uncertainty ahead of a historic period of global elections where more than 2 billion people will cast their votes.

“Although our intellect always longs for clarity and certainty, our nature often finds uncertainty fascinating.” – Karl Von Clausewitz, Prussian general and military theorist.

Even though private equity still dominates total industry AUM like Jupiter dominates our solar system, some investors are finding virtue – and confidence – in other alternative assets such as private credit and infrastructure.

Meme - Even the KKR executives enjoyed the DJ spinning that tune

Let festivities commence

News, WEEKLY SPIN

Live and direct. As consumer demand rises for live entertainment experiences – just look at the crowds at Taylor Swift’s Eras tour – KKR has just announced the acquisition of Superstruct Entertainment. The global buyout firm has agreed to buy one of Europe’s leading live entertainment groups from Providence Equity Partners. It is another example of private equity plugging in to Media & Entertainment space, which has also seen increased investment in music rights and royalties. As part of the deal, Providence has the option to invest $250 million in to Superstruct, which under its stewardship has enjoyed strong organic growth; it now operates over 80 music festivals and live events in Europe and Australia including Boardmasters and Sónar. The new partnership is music to the ears of the Superstruct team. Could KKR’s deal will spur other PE groups to dance to the same beat and seek out further opportunities in the live entertainment space?

Inspired by the Financial Times

PRESS RELEASE – Announcing keynote speakers for IPEM Paris 2024

News, PARIS 2024, PAST EVENTS

IPEM announces keynote speakers for the September Paris edition with the theme ‘Forging Confidence’. IPEM, the premier relationship broker for the global private capital industry has announced its keynote speakers as well as a strong global selection of GPs and LPs who will be attending IPEM Paris 2024 from 9th to 11th September, at the Palais des Congrès. In less than 3 months, the World Hub of Private Equity will reconvene and over the course of 3 days, the private equity community will discuss how the industry can be ‘forging confidence’ even in turbulent times.

430+ GPs firms and 480+ LPs have already confirmed their attendance with firms from across North America, Asia and across Europe, including the Nordics, UK, France, DACH, Spain and Italy, all coming to Paris. Large players such as KKR, Apollo, Carlyle, General Atlantic and Temasek will all be at the event. Download the full list of firms here.