Category Archives: WEEKLY SPIN

Happy 2nd Anniversary!

Happy Birthday. Two years old today. Bring out the party hats and ice cream! 🥳 Two years ago the IPEM Team decided to launch a weekly newsletter to take a funny twist on the leading news articles shaping private markets. And it’s fair to say that “The Weekly Spin” has grown at an impressive rate, as IPEM itself has seen its global community and audience participation numbers reach new heights. IPEM Paris 2023 welcomed more than 6,000 delegates. When we first launched the Weekly Spin on May 10th, 2022 it was opened 3,700 times. On April 16th, 2024, the Spin recorded 18,000 openers, equivalent to an 88% open rate. Before 2024, the Spin averaged 6,000 aggregate views. Since IPEM Cannes 2024, that average has risen to 10,000 views. We’re pleased as punch that the Spin is doing well, and we of course want to thank the whole IPEM Community.
It goes to show that a weekly dose of humor can prove popular and provide light relief; while at the same time being informative on industry trends. A double win! So please join us in celebrating the success of IPEM’s Community spirit, without which the Weekly Spin could not have been possible. Thank you everyone and from the whole IPEM Team, we can’t wait to see you in Paris this September.
Cue the music. Spin that birthday tune! 🎶

Expansion Theory

A new report by PitchBook forecasts that private markets could grow to $20 trillion by 2028, potentially even reaching $23.7 billion in a good case scenario. Private markets already control $14.7 trillion in assets, having grown at an annualized rate of 12.8% between 2012 and 2022. If the forecast proves accurate investors might find they’re going to need an even bigger boat to go fishing, as they increase their fund allocations, with private equity, private debt and real assets all expected to expand. VC and real estate less so. Private equity is forecast to grow from $5.3 trillion to $8 trillion, with buyouts leading the fundraising charge. Secondaries are also expected to play a key role in this expansion theory, growing from $462 billion to more than $700 billion. The private markets universe continues to boom it seems, but much will depend on the prevailing macro environment. Could we witness further stellar performance? Grab your telescope and watch how things unfold!

Inspired by PitchBook

Bravo Bravo!

Cambridge-based Darktrace, a leading cybersecurity and AI company, has agreed a $5.3 billion sale to Thoma Bravo. The company’s decision to leave the FTSE250 and go private is a blow to the UK but America’s gain after Thoma Bravo offered a 44% premium on its three-month share price. Cue round of applause and standing ovation! The pace of innovation in cybersecurity and threat detection is rising. Both parties clearly detect that this is a relationship with plenty of potential for future growth. There may well be trace elements of envy among Thoma Bravo’s peers.

Inspired by The Guardian

Oil be back

We hear you but we’re not quite ready. That seems to be the message coming from Norway’s government, who have decided to not yet allow the country’s Oil Fund – one of the world’s biggest SWFs – to invest in private equity. The fund’s investment manager, Norges Bank Investment Management, headed by CEO Nicolai Tangen, believe that this is a good time to begin allocating to private equity. But it’s not as though the government have given NBIM the cold shoulder…the fund’s management team have developed plans to add up to EUR64 billion of private equity investments over the next decade. So for now, it is a waiting game. Global PE groups will be hoping it’s not too long. In the (almost identical) words of The Terminator: “Oil be back.”

Inspired by Investment & Pensions Europe (IPE)

To Do List(ing)

CVC Capital Partners are hoping it will be third time lucky as they prepare to float on the Amsterdam stock exchange. The IPO will see one of Europe’s largest private equity firms is setting its sights on a valuation of between EUR13 billion and EUR15 billion, which if successful, would help CVC raise EUR1.25 billion in equity. Geopolitical turmoil has twice disrupted the PE firm’s plans to float. Following the IPO, CVC will join the likes of EQT and Bridgepoint as listed European PE groups. As the infamous crypto meme likes to say, ‘To the moon!’

Inspired by the Financial Times