Schroders is looking to give ADDed zip to its private equity business following confirmation that has entered into partnership with the Singapore-based private markets platform, ADDX. The new partnership will give accredited investors access to a semi-liquid global private equity strategy with a particular focus on the lower middle-market.
Blackstone is hoping to hit the European jackpot as it aims to expand its private wealth business into at least two new European markets in 2025. Over the last four years the US investment behemoth has seen its private wealth AUM increase from just over $100 billion in 2020 to approximately $250 billion with Italy and France proving to be significant drivers of that growth.
It seems take-privates are building up speed and taking off as buyout firms look for attractive valuation opportunities. Corporate management teams are getting that déjà vu feeling as GPs buy them back after they or their peers had previously listed them.
European venture capitalists are preparing to hit the boost button as they partner with the European Union to support technology investment. Far from being ‘tin eared’ the EU is all too aware of the need to accelerate tech innovation in order to avoid lagging too far behind the US and China.
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’.