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Private Markets Update: October 2021

Top Recent Content on Private Equity, Private Debt, and Venture Capital

How has the Covid-19 crisis impacted the way that private equity firms operate or the way that portfolio companies are managed? How much dry powder presently exists? Is the IPO market heating up? 

From comparisons of U.S. and European private credit to insight into the corporate venture capital landscape, here are some of the top recent papers on private markets.

private markets

Private Credit Markets: Where should investors look next? (Nuveen, Sep 2021)

Nuveen looks at differences in the U.S. and European direct lending markets, commenting on their rebound from the Covid slump and fundraising in European private debt.

Historical Outperformance of Private Equity (BlackRock Institutional, Sep 2021)

For compliance reasons, this paper is only accessible in certain geographies

This study measures the outperformance, or alpha, of private equity funds relative to public market indices and finds outperformance across the board.

ESG Integration in Private Credit (Franklin Templeton Investments, 2021)

For compliance reasons, this paper is only accessible in the EMEA region

Benefit Street Partners, a subsidiary of Franklin Templeton Investments, explains the benefits of integrating ESG criteria into the process of private credit underwriting and monitoring.

The Advantages of Co-Investments (BlackRock Institutional, Sep 2021)

For compliance reasons, this paper is only accessible in certain geographies

Private equity co-investing is on the rise. Co-investing offers sophisticated institutional and high net-worth investors the opportunity to gain greater exposure to attractive assets but at lower fees – with the potential to help squeeze out better returns.

Corporate Venture Capital: Growth in challenging times (Roland Berger, 2021)

Roland Berger interviewed over 50 corporate venture capital executives, asking how to provide evidence of the impact of their investments and also how to build a sustainable virtual operating model.

Biases in Private Equity Valuations and How to Adjust For Them (CAIA, 2021)

How can practitioners adjust to biases within private equity valuations such as smoothed returns or understated risks? This CAIA and State Street webcast explains how to recognise and adjust for such biases.

Covid-19 Insights for Middle Market PE Firms (New York Life Investments, 2021)

The authors discuss how the Covid-19 crisis has impacted U.S. middle market private equity firms in terms of deal sourcing, investing, fundraising, and exit strategies.

The European VC Factor: Pandemic edition (Invest Europe, 2021)

The European Investment Fund and Invest Europe come together to produce the second VC Factor report on the European venture capital industry in 2021.

Road to Recovery: European M&A Outlook 2022 (CMS, 2021)

This report surveys over 300 corporates and private equity firms about their expectations for the European M&A market in 2022.