An-Sofie Vanhulle

Private Equity Insights, one of the UK’s largest private equity conferences, is just two days away. Beny Meyer, Business Lead Semi-Liquid Private Markets at LGT Capital Partners, will speak on a panel on the democratization of private equity on 4 September 2024. According to Beny, open-ended solutions offer more flexibility and address some of the key challenges of investing in these asset classes. They have the potential to remove some of the friction investors face in accessing private markets. However, when looking at different semi-liquid strategies, it is important to compare apples with apples, as portfolio construction and therefore liquidity profiles can differ substantially. Find out more about the conference here: https://lnkd.in/euG-Ue2Y #lgtcapitalpartners #lgtcp #privatemarkets #privateequity #democratization #semiliquids

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Where to put $10 trillion? Is the recent hype around money markets justified? Gianluca Ungari, Sven Schubert, and Andrea Gentilini from Vontobel's Quantitative Investments team say no. Instead, they highlight the benefits of defensive multi-asset portfolios for cautious investors. Get the latest insights in their Quanta Byte update: https://bit.ly/3YP4uNs #Vontobel #Investing

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Growth comes when companies innovate to meet society’s needs. We support management’s focus on long-term goals: https://lnkd.in/eWkRJ6ip #ActualInvestors

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🚨PGIM’s Private Markets Investor Survey 2024: Key Insights from $10 Trillion in AuM 🚨 PGIM surveyed 250 institutional investors across Europe (86%) and the Middle East (14%), collectively representing $10 trillion in AuM. The findings offer a clear roadmap of LP priorities, strategies, and challenges for the coming 24 months. 🫰 Current Alternative Portfolio Snapshot Real Estate Equity leads (18%), followed by Private Debt (11%), Private Equity (10%), and Real Estate Debt (10%). Future Strategies (Next 24 Months) 🔹 Increased Allocations: Private Credit (+44%) Real Estate Debt (+42%) Sustainable Equity (+40%) 🔹 Risk Appetite: 75% of LPs are prepared to take on more risk for new allocations. 🔹 Geographic Focus: LPs view Asia-Pacific and Europe as top allocation destinations. 🔹 Key Preferences: Strategies with higher returns, lower correlation risks, and income generation are prioritized. 🔹 Emerging Focus: LPs are now allocating to agriculture and food production strategies. Asset Class-Specific Trends: 🏢Real Estate: Debt: Value-add strategies followed by Core Plus dominate. Equity: Family offices and private banks are increasing allocations. 💳 Private Credit: Mid-market debt strategies (>100mn EBITDA) and non-sponsored debt strategies are gaining traction, with a 1/3 likelihood of increased allocation. 📈 Private Equity: Growth strategies are a standout, with nearly 1 in 2 LPs planning allocations. 🛣️ Infrastructure: Pension funds and SWFs are driving increased allocations to infrastructure equity (+37%) and debt (+28%). 🌏 Impact Investing: Once niche, now mainstream—40% of LPs plan equity allocations to impact strategies and 34% for debt. Top Risks for the Next 24 Months Geopolitical risk (45%) Public market volatility (15%) LP cost of capital (10%) Decreased correlation between public and private markets (24%) Liquidity challenges (16%) Key Concerns with Current Managers Liquidity Access: 52% of LPs believe GPs underperform in secondary market liquidity. Exit Strategies: 32% highlight delays in exit speed and timing. Team Stability: Nearly 50% emphasize the importance of investment team tenure and compensation when selecting managers. 🤷 Challenges for Mid-Sized Asset Managers 62% of LPs prefer large, multi-asset class firms. Only 22% opt for boutique and specialized managers, indicating a tilt towards scale and broader expertise. This survey underscores the evolving preferences of institutional investors, with a sharper focus on liquidity, impact, and niche strategies while emphasizing robust risk management and performance. #PrivateMarkets #InvestorInsights #Fundraising #Alternatives #Infrastructure #PrivateCredit #RealEstate #ImpactInvesting #PGIM Nina Dohr-Pawlowitz Angela Kropp Karan Patodia, CFA, CAIA, FRM, SCR Liji Babu Harsha Bharuka advinda Investor Cloud GmbH

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🇱🇺 Over three-quarters of institutional #investors anticipated increasing their risk appetite over the next two years, with a notable preference for #privatecredit, real estate & sustainable equity, highlighting a significant shift towards private #alternatives amid geopolitical uncertainties, PGIM’s recent survey found. #alternativeassets #Luxembourg https://lnkd.in/exqppQ-s

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𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸'𝘀 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝘁𝗿𝗶𝗽 𝘁𝗼 𝗟𝗼𝗻𝗱𝗼𝗻 Last week, we had the pleasure of being joined by our client on a short - but very insightful 😉 - research trip to London as part of our asset manager selection process. This time, we had the opportunity to evaluate different Fixed Income strategies. Thank you, Florian Gerwe, CFA, CAIA for the joined effort and the fruitful exchanges! #alphaportfolioadvisors #researchtrip #london #investmentstrategies #fixedincome #activemanagement #investmentconsulting #assetmanagement #consultingboutique

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Our summer update on global capital markets with our Global CIO Multi Asset, Gregor MA Hirt, is live 📺 Learn more about Gregor’s thoughts on recent developments in global markets, their implications on the positioning of our Multi Asset portfolios and of course his outlook for the months to come. #navigatingrates

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#LongStoryShort: What’s behind Clearlake Capital Group’s acquisition of a London-based credit specialist? The private equity heavyweight acquired MV Credit from Natixis Partners earlier this week, strengthening its foothold in the $800 billion direct lending market. The Financial Times reports the deal is worth "several" hundred million dollars. MV Credit, which specialises in European credit investments and CLOs, will expand Clearlake’s credit business by around $5 billion. “Often for us the credit business has been the canary in the coal mine . . . which has a direct effect on our private equity business,” José E. Feliciano, a co-founder of Clearlake, told the Financial Times. This acquisition is part of a wider trend in asset management, where PE firms are bulking up in areas like infrastructure and credit to create more stable, fee-generating revenue. Indeed, consolidation among private market firms has accelerated in recent years. In your view, will this trend continue? #PrivateEquity #PrivateCredit #FinancialMarkets #IndustryNews

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Why are hedge funds often seen as a source of innovation in asset management? In our video, Roger Hilty, Partner at LGT Capital Partners, looks at the current market environment and explains how hedge funds can generate alpha. #lgtcapitalpartners #lgtcp #diversifyingstrategies #hedgefunds #innovation

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𝗙𝗿𝗮𝗻𝗰𝗲’𝘀 𝗽𝗿𝗶𝘃𝗮𝘁𝗲 𝗲𝗾𝘂𝗶𝘁𝘆 𝗺𝗮𝗿𝗸𝗲𝘁 𝗹𝗲𝗮𝗱𝘀 𝗘𝘂𝗿𝗼𝗽𝗲 𝗶𝗻 𝗰𝗼-𝗼𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆🇫🇷 💼 44% of the majority PE-backed assets in France have 2 or more co-owners, with 19% having 3 or more. In contrast, in most other European regions less than 20% of assets are co-owned. 📖 Read 'The State of France Private Equity Report 2024' for more insights into the deal activity, portfolio stats and largest French PE investors. Download here (EN & FR) ➡️ https://okt.to/hlXQKU #privateequity #franceprivateequity

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"What is Lazard’s business model? Lazard is doing business as a financial advisor, this is M&A and restructuring, and as an asset manager. We have more than 250 billion assets under management around the globe. We are very global. And I think the key success factors of us are, on the one hand, risk-adjusted performance. Secondly, that we try to be near to clients. We are a solution provider. We are a relationship manager. We are not a simple sales rep. We try to deliver trusted advice. And the third success factor is to be “glocal”. What does it mean? Capital markets are global, so the research and the analysis are always global. But the local requirements, the local mentalities, are totally different. So, the requirements from the authority, like the AFSA, or in Germany from the BaFin, or in the U.S. the SEC, are sometimes really different. And also in the European Union, you have a lot of differentiations. We try to find always local solutions. What does it mean? We are never doing B2C business. We are doing B2B business. So local staff is always important. And after a long conversation with AFSA, we discussed we need a local flavour. And that was the reason why we have discussed with Zamira and Skybridge and have identified that we have a business model to work on,” Matthias Kruse, Managing Director, Lazard Asset Management (Deutschland) at the Astana Finance Days panel session “Tokenising the Future: The Evolution of Fund Structures.”

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Where is the investment cycle going? This week in Simply put, Florian Ielpo, Head of Macro, considers whether nowcasting indicators can provide a better guide to where the investment cycle is heading than traditional economic indicators, which have offered decidedly mixed messages of late. Read more: http://spkl.io/60474h2g7 #macroeconomy #microeconomy #multiasset #assetallocations <Marketing communication>

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As reported in the Financial Times, The Carlyle Group, Ares, Apollo Global Management, Inc., Blackstone, and KKR deployed more than $172bn in the second quarter, in anticipation of a rate cut by the US Federal Reserve. As some industry experts believe we have reached the bottom of a 2 year downturn. Please checkout the full article in the comments section ——— Dealmakers Connect is brought to you by the team at Lindsay Capital Partners, LLC. Lindsay Capital Partners is a private equity investment firm that targets the acquisition of multifamily properties and microcap companies 🤝 Want to discuss further - If you’re interested in discussing the latest in #commercialrealestate #commercialrealestateinvestor #multifamily #familyoffice #familyoffices #privateequityrealestate #privateequity #highnetworth #brokers #mortgagebroker #realestatedevelopment, feel free to DM or reach out at [email protected] 👍 Like, 💬 comment, and 🔁 share this post if you found it helpful or if you know someone who would benefit from it!

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🔎This week on Weekend Reading from BankerOnWheels: 👉 Global ETFs: Amundi Challenges Vanguard & iShares! 👉 Non-US Portfolios: Multi-asset investing (Amundi Research). 👉 Safety First – Retirement Withdrawal Rates. 👉 Asset Class Correlations & Portfolio Construction. 👉 Why Your Portfolio Should Include Scarce Assets. 👉 Countries With the Highest Rates of Crypto Ownership. 👉 UK granting US-listed ETF Equivalence More Political Gesture Than Meaningful. ❗ Weekend Reading is a collection of Investment Research and Lifestyle topics from all corners of the Web. We source the highest quality insights from Wall Street and Main Street that you may apply to your investment process. Unlike the rest of Bankeronwheels.com, this series is provided without additional guidance. As usual, everything is to be used at your own risk. Have a great Weekend! 🔗 https://lnkd.in/epM6BhyQ

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Explore the key advantages investing in private markets? In this second edition of our weekly series Private Markets Playbook, we will walk you through key reasons why to invest in private markets including the most obvious one - higher returns. Private markets have historically outperformed public markets, with the added benefit of diversifying the asset base, and one of the key reasons are better alignment of interests between investors and fund managers vis a vi the public trading market. 📄 Download the PDF to dive into the full insights! 📅 Interested in enhancing your private market strategy? Book a demo with us today https://lnkd.in/d5z_7rYh 💡 For more insights and updates, be sure to follow us! #PrivateEquity #PrivateMarkets #PrivateMarketsPlaybook #Report

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Over the past two decades, European small-cap equities have consistently demonstrated their potential to enhance portfolio performance. Historical data shows that small caps have outperformed large caps by an average of 2% per annum throughout this period. Bart Geukens and Nathalie Debruyne, CFA investigate how these small, nimble companies—currently trading at a discount—have consistently managed to outperform their larger counterparts over time: https://lnkd.in/eTiPYRuZ #SmallCaps #Equities #Rebound --Marketing communication-- Investing incurs risks. Past performances do not guarantee future results.

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In our private market outlook collection, we explore the themes driving the rapid evolution of private credit and private equity markets.

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