Alexander van Aubel

What is the role of secondary PE investments in an investor’s portfolio, and what are the liquidity characteristics of these investments? Christoph Jäckel, Managing Partner of Montana Capital Partners discusses the advantages and risks to consider when investing in secondaries, in conversation with Aili Chen, CFA from PGIM's Institutional Advisory & Solutions (IAS) group. Read the interview: https://on.pru/3XmlWK1

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Our Head of Climate Research, Bert Kramer has shared his insights with International Financing Review on how various asset classes such as equities and fixed income, will be exposed differently to climate change and the extent of pricing-in that has already taken place. Thanks Tessa Walsh, it was wonderful to have the opportunity to discuss the potentials risks and market instability that financial markets should be aware of, and how investors can prepare for different alternative futures. https://lnkd.in/e3crWsqc

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European markets are rapidly evolving. In the latest episode of WellSaid, portfolio manager Dirk Enderlein joins host Thomas Mucha to discuss how long/short investors can potentially make the most of the changes. https://lnkd.in/eKky3E8c

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AJ Bell: Hg Capital Trust (HgT ) Manager Hg to sell F24 AG to private equity firm Altor Equity Partners HgT on Monday noted that its manager Hg will sell F24 AG, a software-as-a-service provider, to investor Altor Equity Partners. The London-based investment vehicle, that provides access to the private equity investments of manager Hg, said the sale by Hg values HgT 's investment in F24 AG at around £18.4 million. ‘This would represent an uplift of £800,000 (4% or 0.2 pence per share) over the carrying value of £17.6 million in the net asset value of HgT at 31 March 2024,’ the London listing explained. HgT said the terms of Hg’s F24 AG sale to Altor Equity Partners have not been disclosed. Altor Equity Partners is a private equity firm focused on investing in and developing medium-sized companies. Professional investors only. Capital at risk. For more information on HgT or Cadarn Capital, please contact info@cadarncapital.com. https://lnkd.in/egssPseg

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Private credit has soared, but with the syndicated market reviving and an uncertain market environment, what's next for direct lending? In a Q&A with Private Debt Investor Ted Denniston and Joe Lazewski, Co-Heads of ORIX USA’s direct lending subsidiary NXT Capital, discuss why the lower mid-market may offer distinct advantages in all kinds of macroeconomic weather: • Lower Mid-Market Stability: Companies with less than $35M EBITDA are thriving, with higher volumes of deal flow • Discipline Amid Erosion: While upper mid-market terms erode, the lower mid-market remains disciplined with strong financial covenants • Strong Sponsor Support: Experienced sponsors who support their companies through market cycles Read our full Q&A here: https://lnkd.in/g_vH7X-j   #LowerMiddleMarket #PrivateCredit #DirectLending

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NORTHWALL CAPITAL RAISES MORE THAN €640M FOR EUROPEAN OPPORTUNITIES STRATEGY NorthWall Capital (“NorthWall”), a leading credit investment firm delivering private capital solutions to counterparties in Western Europe, today announces the final close of its flagship NorthWall European Opportunities Fund II and associated vehicles (“NWEOF II” or “the Fund”), attracting more than €640m in investor commitments. The Fund and associated vehicles surpassed the €500m target, receiving strong support from new and existing global institutional investors and more than doubling the size of its predecessor, NorthWall European Opportunities Fund I (“NWEOF I”). NorthWall’s European Opportunities strategy, established at the firm’s inception in 2017, invests across the broad opportunity set in European opportunistic private credit by delivering scalable private capital solutions to counterparties in Western Europe. NorthWall’s systematic sourcing approach, coupled with a focus on creating bespoke funding solutions, enables the firm to structure opportunities that deliver strong downside protection while targeting uncorrelated returns. The strategy also makes tactical allocations to areas of dislocation and has successfully participated in the dislocation in asset-backed opportunities. Fabian Chrobog, Founder & Chief Investment Officer of NorthWall Capital, said: “We are honoured by the success of the fundraise for NWEOF II and would like to thank our existing and new investors globally for their partnership. We remain committed to delivering scalable investment opportunities that generate attractive risk-adjusted returns for our investors while also serving as a reliable partner to our counterparties. We continue to observe one of the most compelling opportunity sets in European credit in recent history and will continue to thoughtfully scale NorthWall in a way that allows us to lean into areas of dislocation. I also wanted to congratulate and thank the NorthWall team that has been working tirelessly to deliver the best outcomes for our stakeholders.” https://lnkd.in/eu65rqWS #litigationfinance #litigationfunding #legalfinance #legalfunding #litfin #fundraising #privatecredit

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In our latest whitepaper, Private Equity as an Asset Class: A Medium-Term Outlook, Ruulke Bagijn, Global Head of Investment Solutions, and Chief Economist Peter Cornelius describe a potential scenario in which assets managed by private equity funds reach $16 trillion by 2030. We believe this growth will be primarily driven by individual investors seeking higher returns and portfolio diversification through #PrivateEquity. Read the full report below or request a copy here: https://lnkd.in/g_HRWtXm

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The U.S.'s third digital consultancy firm, Perficient, will go private when Swedish private equity firm EQT Group AB acquires it in an all-cash deal estimated to be worth $3 billion, the firms announced. According to a statement from the firms, EQT will pay $76 for each Perficient share, which is roughly 58% more than Perficient's most recent closing price on Friday. The board of St. Louis-Brd Perficient has unanimously authorised the deal, which is anticipated to close by the end of 2024, according to the announcement. Following the closing of the sale, Perficient's shares will no longer be traded on the Nasdaq stock exchange, according to the firms. According to the announcement, Perficient, which has more than 40 facilities worldwide, will continue to be led by Tom Hogan. According to the corporate website, Perficient has operations in the US, Latin America, Europe, and India. It has established ties with approximately 300 Fortune 1000 clients, including Microsoft, Amazon.com Amazon Web Services (AWS), and Alphabet Inc.'s Google. To share your startup story write us on - contact@startuprise.org #EQT #Microsoft #AWS #Europe #Acquitsition #EquityFirm  

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CVC Capital Partners unveiled plans Monday to raise at least €1.25 billion (about $1.33 billion) in an IPO on the Euronext Amsterdam stock exchange. The announcement ends years of speculation about a potential IPO, after the Luxembourg-based private equity firm first announced its intentions to go public in late 2021. Turbulent market conditions have forced it to push back its plans twice since then. Check out our insights and articles at HMN Capital and accelerate your portfolio performance. https://lnkd.in/gxnnjKDS https://hmn-capital.com/ #hmncapital #acceleratingportfolioperformance #privateequity #investments #finance #venturecapital #growthcapital #executivesearch #privateequityrecruitment #privateequityjobsearch #privateequitylinkedin #Linkedin #privateequitycareers #cvccapitalpartners #IPO #Euronext #AmsterdamStockExchange

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📈 SEGALEN+ASSOCIES has been supporting leading investment funds in the recruitment of Operating Partners and Senior Advisors across Europe and industries.​ 👉 Following our study of 60 European & US mid-to large-cap private equity funds, we share insights on the emergence of these expert functions and on how advisors add significant value pre- and post-transaction​. 👉 With the evolving deal ecosystem and the competition heating up, investment firms feel the need to leverage specialised independent advisors to maintain their competitive edge​. 👉 Former top executives bring their expertise to investment firms, enhancing thesis development, due diligence, and investment success. Their involvement is often a cornerstone for securing investment committee approvals and building trusted relationships with management teams​. #InvestmentFunds #OperatingPartners #SeniorAdvisors

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💡 Market Insights by Bas Kooijman MSTA 💡 ◾ U.S. Stock market experienced volatility with small-cap and value stocks outperforming large-cap growth stocks. ◾ Europe: European stock markets saw a rally on Friday but were impacted by tech and luxury sector earnings. ◾ UK challenges: Potential budget deficit and mixed economic data create uncertainty for the Bank of England. ◾ Japan: Stock market declined sharply due to US tech sector weakness and yen appreciation. ◾ China: Equities fell despite interest rate cuts by the central bank. Investor caution: Uncertainty prevails, leading to cautious investor sentiment. Central bank focus: Market participants closely watching central bank policies for potential rate changes. Read the full article for deeper insights into these and other developing market trends. #marketinsights #financialmarkets #us #europe #japan #china #dhfcapital

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According to our live audience polling at last week’s European Single Family Office Symposium: 47% of single family offices are currently in ‘Risk On’ mode. 29% of single family offices were likely to add a new manager to their private equity portfolio in the next twelve months. These are just two of the invaluable insights we gained from our annual gathering of Europe’s leading single family offices. Interested in learning more about single family office investment activity? Reach out today to learn more. Institutional Investor

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1H24 M&A Highlights According to Mergermarket, global M&A volume grew 17% to USD 1.6trn in the first half of 2024, driven by a resurgence in North America. The pendulum has swung away from financial sponsors and back towards corporate buyers, which accounted for 73% of deal volume in the first half, a level last seen before the pandemic. Financial sponsors saw a resurgence in the second quarter, when buyout volume surged 81.3% sequentially, albeit from a four-year low base in the first quarter. #mergersandacquisitions

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If you don't want to read the 113-page academic paper "Selling Private Equity Fees" (which examines the impact of GP stake sales on GPs and their LPs), Coller Capital just released a great summary of it: • Main takeaway: GPs create more value (in absolute terms) for their LPs after selling a GP stake • The research suggests that GPs need to be more transparent with LPs about the strategic reasons for a GP stake sale #GPStakesNews #GPStakes https://lnkd.in/e5qYRAFQ

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"Electing to list around 10-15% of Carlyle’s shares on Euronext in Amsterdam implies a market value of approximately €13 billion to €15 billion for the company. This comes shortly after Carlyle raised €26 billion, marking the largest buyout fund ever (CVC Capital Partners Fund IX)." Read more: https://lnkd.in/deD4CYKC Full article written by Eugene van Heerden Feel free to schedule a free consultation with our experts if you would like to learn more about how we can enable you ⬇ https://lnkd.in/dNBsYdRN Andrew Wolfson | Emile Fourie #venturecapital #privateequity #creditriskmanagement #structuredproducts #businessconsultingservices #securitization #assetmanagement #alternativeinvestments #pcc #investmentsolutions #privatemarkets #publicmarkets #digitalmarkets #unblockingthetaps #nonbankableassets #exchange

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Rothschild & Co is pleased to participate in the upcoming Mergermarket Private Equity and M&A Forum, being held in London. The combination of high interest and inflation saw M&A sink to the lowest level in ten years in 2023, according to Mergermarket data. What will the next six months hold for regional M&A, and is a recession expected in the year ahead? Sabina Pennings, Managing Director in our Global Advisory business, will speak on a panel addressing this question and more on the 21st May 2024. For the full agenda https://bit.ly/3WHm3Q8

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