Private Markets Update: June 2021

Top Recent White Papers on the Outlook for Private Markets

Nuveen's recent EQuilibrium study introduces topics as diverse as investor behaviour, the pros and cons of virtual due diligence, and strategic shifts towards private market portfolios. Other papers pick up the private market baton, covering the process of private equity cash flow forecasting, APAC alternative asset allocations, 2020 private equity returns, and other related topics.

Both consulting and legal firms add tremendous value to the discussion of the private market investment landscape, and several such papers are present here. EY focuses on the boom in PE exits over the past few quarters, while the White & Case law firm presents some of the current investment trends within African venture capital and private equity markets.

Interpreting the EQuilibrium Study (Nuveen, 2021)

Nuveen reveals the results of a recent investor survey, in which they attempt to gauge investors' experiences and thought processes in relation to alternative investments and private markets.

Private Equity Fund Cashflow Forecasts: A pragmatic approach (SimCorp, May 2021)

SimCorp sheds light on the process of forecasting limited partner cashflows from private equity funds using a pragmatic and multi-pronged approach.

Harnessing the Potential of Private Assets: A framework (PGIM IAS, 2021)

PGIM IAS sets out a practical framework for investing in illiquid private assets which enable decision-makers to see how asset allocation and investing activity interact with changing liquidity demands.

APAC Investors Modernising the Toolkit for Alternatives (State Street, Jun 2021)

In this brief blog article, State Street looks at risk and performance analytics for alternatives, also discussing how data can overcome challenges related to this asset class.

2021 Global Private Equity Divestment Study (EY)

EY surveys global private equity executives on exit strategy and execution, with sections on tax policy, ESG, and digitalisation.

Permanent Capital: Holy grail of private markets (Enterprising Investor, 2021)

This article covers the establishment of long-dated private equity funds and the concept of permanent capital for private equity investors.

Asset Allocation: Private markets in multi-asset portfolios (Pantheon, 2021)

Pantheon reviews some implications of institutional allocations to private markets, including private equity, infrastructure, and private debt.

Private Markets Annual Review (McKinsey & Company, 2021)

McKinsey & Company presents a review of 2020 private equity activity, followed by projections for the current year in this 64-page paper.

Global Private Equity M&A Survey 2021: Opportunities ahead (Akin Gump)

Despite the challenges present in 2020, Akin Gump's private equity survey respondents are largely optimistic about the prospects for M&A activity in the near term.

Private Equity in Africa: Trends and opportunities in 2021 (White & Case)

White & Case discusses the outlook for private equity and venture capital in Africa, focusing on the technology, essential services, and infrastructure sectors.