Meme - Zwift team in training to hit subscription target

Wheel of fortune

News, WEEKLY SPIN

With $620 million in recently secured capital from the likes of KKR and Permira Holdings, the at-home cycling fitness app, Zwift, is looking to step it up a gear in 2023.With a market valuation now in excess of $1billion, Zwift is hoping to move through the peloton to the head of the race, using the investment to push towards 10 million subscribers and steal a march on its rival, Peloton. The end goal is to achieve a public listing. It goes to show that with the power of PE capital, there are still plenty of innovative companies to get behind and push them over the finish line. No doubt the Zwift team will be spraying plenty of champagne if they hit their subscription target!

inspired by Bloomberg

GIF - Keep calm and carry on…investing

Carry On Investing

News, WEEKLY SPIN

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”.

inspired by Private Equity News