Over the last few years, private equity managers have faced several cash flow challenges as the amount of capital committed by investors has exceeded the value that has been deployed in underlying investments. This has been further complicated by the lack of viable exit opportunities and has meant that many managers are looking to the … Continued
Private equity is increasingly viewed not as a replacement for public markets, but as a supplementary component of a well-rounded investment portfolio. While public equities remain foundational for liquidity and broad market access, private equity offers exposure to parts of the economy underrepresented in public markets, particularly the U.S. middle market, and serves as a … Continued
Many successful small and mid-sized companies are increasingly opting to remain private, driven by a combination of strategic, financial, and operational factors. Founders often prefer to retain control and avoid the scrutiny, regulatory burden, and short-term pressure that come with public listings. The once-standard pathway of going public early is fading as companies now wait … Continued
Evergreen funds, also known as open-ended, semi-liquid, or perpetual vehicles, are transforming the private market landscape by offering a more accessible, flexible alternative to traditional illiquid funds. These continuously reinvesting vehicles enable ongoing subscriptions and redemptions across a wide range of private market sectors including real estate, infrastructure, credit, and equity. Unlike conventional private equity … Continued
This is the first piece within the private market series that will explore the evolution happening within alternatives and the private market investment landscape. Over the past several years, private markets that were once dominated by large institutions have become increasingly accessible to high-net-worth individuals and smaller institutions. This shift marks a significant change in … Continued
In the 1980’s blockbuster Back to the Future, flying cars are an ubiquitous reality in the then far-away future of 2015. While that concept seems just as futuristic today as it did a generation ago, the autonomous self-driving car has quickly moved from prototype to reality here in Silicon Valley. With the average car moving … Continued
There are now 142 start-ups with private valuations of more than $1 billion according to CB Insights. Most of these, so called, “unicorns” achieved these valuations in 2014 and 2015 – with nearly half joining the herd in 2015. But more recently the weaker members of the herd have seen their mythical enchantment luster diminished … Continued
While attending a healthcare conference in San Francisco several weeks ago, I was struck by the excitement and passion venture capitalists have for their businesses. Many of those VCs will go on to successfully change health care and technology as we know it. With venture-backed companies contributing approximately 11% of the country’s private sector jobs … Continued