Meme - No rush. I’m a patient bear.

Patience is a (value-added) virtue

Highly levered PE funds and those looking for a quick exit strategy in 2023 might find their plans hit the skids, as challenging macro conditions compel GPs to hold on to companies for longer. This will require PE fund managers to stay patient and show investors their true worth as value-add specialists, potentially revealing those who relied upon cheap debt and high leverage in previous years to magnify returns. Private equity has always been a long and winding road, so this is unlikely to faze seasoned veterans well used to navigating exit roadblocks. This year could be the time when value creation starts to separate the winners from the losers.

inspired by S&P Global

Meme - A new dawn for tech investing in Pacific Northwest

Battle in Seattle…?

Investment firms are choosing to establish a footprint in the Pacific Northwest attracted by the allure of tech investment opportunities in Seattle.The private arm of Steve Cohen’s Point72 hedge fund, Point72 Private Investments, is in the process of setting up a new office and as more investors flock to the city, there could end up being a tech VC battle in Seattle over the coming years. In 2021, the city – home to global names including Microsoft, Amazon and Starbucks – attracted $9.2 billion according to PitchBook. Although those figures appear slightly lower for 2022, there is a growing feeling that Seattle has plenty of further investment potential. Rather than risk missing out on the next big tech winner and becoming Sleepless in Seattle, investors are hoping that a local presence will help their portfolios soar like the Seahawks.

inspired by GeekWire