Building on new foundations seems like an entirely appropriate theme for IPEM 2022 given the enormity of the shifting macro and geopolitical sands we are currently witnessing.
The 3-day event will run between September 20 and September 22 at the Palais des Festivals – Cannes and unlike many industry events, the agenda has been constructed with an independent editorial touch, always ensuring that LPs remain top of mind.
Over the last decade private equity has enjoyed exceptional growth, supported by Quantitative Easing, low interest rates and a strong bull market in public equities. Those cornerstones, however, can no longer be relied upon as central banks fight rampant inflation with a combination of monetary tightening policies and multiple rate hikes. Stock markets are now nearing bear territory as the risk of recession looms.
This is a key moment for the private market industry to take a step back and think about its position in the global economic and financial marketplace. The time for self-reflection is apposite. The need for new foundations on which to build the next phase of growth is very real.