Are Private Equity Mega Funds in a Category by Themselves?
Mega funds are indeed in a category by themselves, namely that of a new public markets proxy.
Mega funds are indeed in a category by themselves, namely that of a new public markets proxy.
Public and private Chinese equities both present attractive investment opportunities today.
Co-investments are one of only a handful of control levers within an LP’s toolbox, and we encourage all private market investors, regardless of size, to consciously consider implementing a co-investment program.
While we have advised a gradual approach to investing in China, today we believe that investors should take a systematic and comprehensive approach, overweighting Chinese assets relative to their index weights. Looking past the uncertainty and negativity, investors will find a large investment opportunity set, a robust universe of public and private managers, and appealing public equity valuations.
Investors navigating the robust fundraising environment should be selective when making commitments in 2019.
This report compares operating metrics and trends across Asia, Europe, and the United States, and takes a closer look at comparisons between private and public companies in Europe and Asia.
This analysis includes our observations and more than 30 charts on key metrics including purchase price multiples, leverage multiples, revenue growth, earnings (EBITDA) growth, and earnings (EBITDA) margin.
We do not expect a rerun of the 2000s for tech and venture capital. The similarities between the late 1990s and today are concerning, but the differences are even more sweeping.
Myriad rising risks weighed on performance in 2018, leaving investors few places to hide among the sea of red.
Growth equity continues to offer investors a compelling return profile that combines the downside protection of buyouts with some of the upside potential of venture capital.