Is Private Equity Energy Dead?

No. But, the game has changed and to be successful, investors should adopt a new commitment strategy. While the industry faces secular challenges, managers can innovate to exploit disruption and generate attractive absolute returns. Private equity (PE) energy has quickly gone from growth driver to investment pariah. Throughout the 2000s and into the 2010s, persistently […]

October 2019

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.

May 2019

Ready, Steady, Co-Invest

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.

March 2019

Private Investing for Private Investors: Life Can Be Better After 40(%)

Families with multigenerational wealth may be particularly well positioned to consider allocating 40% or more of their assets to private investments. Assuming these families have the requisite long-term time horizon, patience, and ability to act quickly, they stand to benefit not only from the potential for higher returns but also from the tax-advantaged nature of private investments. Life could get better after 40%!

February 2019

Will Venture Capital Repeat the Post-TMT Bubble Experience?

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.

January 2019

Growth Equity: Turns Out, It’s All About the Growth

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.

January 2019

Should Investors Consider Co-Investing?

Yes. At a minimum, investors should consciously consider it. The co-investment “craze” isn’t going away anytime soon—we estimate co-investing currently accounts for nearly one-third of all private investment activity—and there are structural reasons why it will continue, as we will discuss.

November 2018

Should You Avoid Commitment (Facilities)?

In short, no—their use isn’t going away any time soon. Rather than avoid them, incorporate new elements to more clearly assess the manager’s true investment skill.

June 2018