Lindsey Stelter’s Post

I had an amazing opportunity to sit down with some notable European and US-based family offices last week at the Sovereign Wealth Fund Institute Summit in London, and one of the recurring themes for LPs was that established GP's are pushing too much for #AUM versus fund #performance. What does this look like concretely? - #Family offices are increasingly looking at emerging managers and smaller funds who will work on delivering IRR and DPI rather than focus on fundraising the next fund. Quicker exits and liquidity are a major driver- as is the likelihood that capital will be invested more quickly. - The appetite for co-investments and directs are becoming bigger- especially amongst more institutionalized family offices- essentially cutting out funds when they can. - There is an increasing preference to invest alongside other family offices rather than VCs- trust and alignment is a huge play here. This confirms what I have been seeing in #fundraising and our #LP advisory work in recent months, and gives rise to some much needed new funding models and a re-alignment of relationships. If you'd like to learn more- don't hesitate to reach out to me personally.

Have you read our latest white paper on Private Funds? Private Funds are becoming increasingly popular among sophisticated investors, including UHNWIs and family offices. Our guide explores the importance of private funds and provides insights into when and why a private fund should be used. We also highlight the preferred jurisdictions for setting up a private fund and the key considerations when choosing a jurisdiction. Click here to learn more: https://lnkd.in/ebSb_F7q #oneiqeq #familyoffice #privatefunds #wealthmanagement #investmentsolutions #assetmanagement Ilias Georgopoulos Alex Dean Frederique Meyer Inga Nitsche Florent Michel Romain Mifsud Bram Eijsbouts Mirek Gruna Paul Griffith

McKinsey Global Private Markets Review 2024: Private markets in a slower era https://lnkd.in/ghWMY5Q #PrivateEquity #Investors #Fundraising #DealActivities #Deals #PerformanceManagement #PrivateMarket #AxG #LokiGroup #LokiEquityVentures #Finance #PrivateInvestment

Private Equity International highlights the growing importance of high-net-worth individuals (HNWIs) in the secondaries market. Key points include: 🔹 Increased Participation: HNWIs are increasingly backing secondaries funds, contributing significantly to the growth of this asset class. 🔹 Record Fundraising: The secondaries market had a record-breaking year in 2023, raising $117.92 billion, with private equity secondaries accounting for 85% of that total. 🔹 Evergreen Funds: A wave of evergreen funds has been launched, attracting substantial HNWI capital. These funds offer benefits like diversified portfolios and quicker capital deployment, making them appealing to HNWIs https://lnkd.in/gR3uWFZB

2025 - the year UK smaller companies deserve serious consideration? UK markets are undervalued globally, with smaller companies & AIM on a material discount. Yes there are challenges but its worth remembering that history tells that over most long-term horizons, small caps consistently outperform their larger counterparts. The Amati UK Listed Smaller Companies Fund offers a focused portfolio, with highly attractive portfolio valuation, strong cashflows, low debt & high margins...as well as some great companies! #UKsmallcap #UKsmallercompanies #AIM #UKequities

“Fundraising for alternative asset classes in 2023 was very much in line with pre-pandemic levels and remains elevated by historical standards, pointing to still-resilient demand. Fundraising has also had a strong start to the year, which if sustained would make 2024 a significantly stronger year than 2023.” #PrivateWealth #RealAssets #Alts #AlternativeInvestments #PrivateMarkets #RIA #IBD #FamilyOffices #HNW #UNHW #REITs

📣 CF Private Equity Closes its 4th Secondaries Fund at $1.1 BN 📣 Exciting news from CF Private Equity as they announce the successful close of Commonfund Capital Secondary Partners IV, L.P., raising a whopping $1.1 billion, surpassing its $750 million target and its predecessor's $675 million fund size. 🔹 Highlights: Overflow Fund: An additional $110 million was raised for the Commonfund Capital Secondary Partners IV Opportunities Fund, L.P., bringing the total raised to over $1.2 billion. Investor Base: Strong support from existing investors and an expanded base including family offices, insurance companies, pensions, RIAs, private wealth platforms, healthcare companies, endowments, and foundations from the U.S. and Europe. Team Promotion: Hong Pan, Stephen Talbot, and George Wu were promoted to Managing Director, reflecting their instrumental roles in the secondaries program. Leadership: Cari Lodge, Global Head of CF Private Equity Secondaries, was added to the CF Private Equity board, overseeing $14 billion in assets under management (AUM) across various programs. Cari Lodge expressed gratitude, saying, “Our success is attributed to our differentiated strategy and consistent, attractive returns.” 📊 About CF Private Equity Secondaries: Since 2013, the team has completed 370+ transactions across 800+ underlying fund interests managed by over 400 managers, with approximately $3.0 billion in AUM. 🌐 About CF Private Equity: An affiliate of Commonfund, CF Private Equity offers diversified portfolios in buyouts, growth equity, venture capital, and real assets. With a commitment to trust, transparency, and ethical behavior, CF Private Equity empowers sophisticated investors to diversify their portfolios with private investments. 🤝Congratulations to CF Private Equity on this remarkable achievement! ✅ Looking to raise capital for your #fund and increase the international pool of your LP #investors?   🤝 Need warm #LP introductions?   📝 Selling #secondaries to increase liquidity?   🧐 Looking for co-investments?   ▶ G+QUANT's link for inquiries and fund decks: https://lnkd.in/gjC_EuTE #CFPrivateEquity #SecondariesFund #PrivateEquity #InvestmentNews #Fundraising #AssetManagement #SuccessStory

Private equity is taking a fresh turn with semi-liquid secondaries, giving investors more freedom to access their capital while staying in the game. Curious how this trend is changing investment dynamics in 2024? 👉 Dig into the full story to see what semi-liquid secondaries mean for today’s private equity. #secondaries #privateequity #fundraising

This is becoming something of a regular theme in #privateequity: American Securities, facing a tougher-than-expected fundraising process, is narrowing its strategy in expectation of a smaller new fund. The firm, which traces its roots back to the 1940s, is refocusing its strategy on industrials and B2B and essential services. As part of the process, the firm is letting go of some staffers, including managing directors Helen Chiang and Loren Easton. We'll see more of this as firms struggle to hit targets and raise as much as prior funds: “Generally, we’re seeing GPs honing in more on the two or three things they’re really good at and raising funds around that. The old school generalist model is going away,” says K. Christian Kallen of Hamilton Lane. Read more here on Buyouts: https://lnkd.in/eAm-iye6

Are you interested in knowing more about key updates and trends in Private Equity and Fund Formation? Our specialists Marc Meyers, Noémi Gémesi, Tom Hamen and Karin Finné have contributed to the Luxembourg chapter of Lexology Panoramic – Private Equity (Fund Formation) where they cover key updates and trends in the field. To read the chapter and learn more, please click here 👉 https://lawand.tax/3VtMrfG #lawandtax #luxembourg #privateequity #fundformation #funds