GIF - With private credit on song in 2024, it’s time to rock and 'Go with the Flow'!

Going with the flow

News, WEEKLY SPIN

Private credit managers will doubtless be extending a debt of gratitude to investors for their continued commitment to investing in the asset class. According to Moody’s research, fundraising is going from strength to strength, with inflows up 72% over the last 12 months. AUM has also risen 8% in the first six months of 2024, putting private credit at the head of the pack and giving plenty of reason for fundraising teams to celebrate. As more investors get behind the 8-ball, private credit is proving to be the most resilient alternative asset class in the current macro environment. Asset managers are getting on board to meet this demand, including BNP Paribas who launched an evergreen ELTIF this week. Right now, private credit is ‘going with the flow’.

Inspired by Alternative Credit Investor

Meme - Time to make a big splash

Ares prepares NFL splash

News, WEEKLY SPIN

Ares Management is hoping to make a big splash in the NFL with news that the global private equity firm is reportedly looking to acquire a 10% minority stake in the Miami Dolphins. The deal also includes billionaire Joe Tsai, co-owner of the NBA’s Brooklyn Nets and the WNBA’s New York Liberty, who would receive a 3% ownership stake. This could be a huge catch as the deal also includes the Hard Rock Stadium and the Miami F1 Grand Prix race. This development follows recent news that the NFL had agreed to allow outside investors to take ownership stakes in what is one of the world’s most highly lucrative sports leagues. More NFL teams will doubtless be looking for their own liquidity events in the coming months, as private equity firms go on the offense and make a bid for their end zone celebration.

Inspired by CNBC

GIF - CalSTRS. We have lift off

Ready>Set>Co(invest)

News, WEEKLY SPIN

CalSTRS is getting ready to Go Go Gadget its co-investment arms after the pension’s investment committee agreed to remove the provision for third-party approval on co-investment deals under $250 million. The decision comes as CalSTRS seeks to incorporate more co-investments and direct investments in its private equity portfolio. This will help investment staff move into higher gear and act quickly to close on deals without needing to wait for external valuation approvals. The decision is likely to signal Lift Off for the US pension plan, which has already constructed a platform in excess of nearly 100 deals. With more speed and agility at their disposal, the race is now on to seek out the best GPs to partner with.

Inspired by PitchBook

Podcast - What is your perspective on the democratization of private equity - Website

Podcast – What is your perspective on the democratization of Private Equity?

INDUSTRY INSIGHTS, News

🚀 Private Equity is opening up! Should you jump in? Experts weigh the risks and rewards. The future of Private Equity is here! Hear what the experts think about democratization and what it means for you 🧠

Jean-Philippe Richaud: (03:11) “We see most of the institutional, and asset managers willing to address the mass market, and unité de compte in France, and life insurance, driving products for other countries.”

Boris Bakech: (10:01) “I think, it’s the course of history. It needs to happen. It has happened for the public markets. It will happen for the private markets.”

Jean-Philippe Boige: (14:50) “On the long run, it feels like it’s going to mark a revolution in financial inclusion! I mean, you’re opening a super asset class to everybody.”

Podcast - What will private equity look like in 2050 - Website

Podcast – What will Private Equity look like in 2050?

INDUSTRY INSIGHTS, News

🚀 The future of Private Equity is here! Listen as a panel of insightful experts share their predictions for 2050 and give you a glimpse of the key trends that will shape the industry. ESG, AI, and the rise of retail Private Equity: discover the forces that will propel Private Equity to new heights! 🌎

“For me in 2050, all private market players will have to be ESG, not only ESG compliant, but impact-driven organizations.” – Jean-Philippe Richaud (3:31)

“Private Equity has not changed since the beginning of this century or the previous century. What do you do ? You choose relevant companies with performing teams, founders, that can become tomorrow’s Apple, Microsoft, Google, Facebook, delivering you the best returns.” – Sébastien Hospital (9:26)

“It’s really likely that by 2050, Private Equity will likely morph into a global network of decentralized capital pools.” – Jean-Philippe Boige(12:48)