Manager strategy

Costs and concerns related to cybersecurity risk have increased in the wake of AI.

GPs including Bain and Apollo said at the UK Private Capital Summit that it is difficult to quantify claims around AI's contribution to value creation and cost reduction.

Capital alone is no longer the deciding factor for management teams evaluating potential GP partners, argued CEOs from Eurazeo, Astorg and Ridgepost at an industry event on Wednesday.

GPs must ensure portfolio company boards can answer diligence questions cleanly and quickly at a moment's notice, writes PwC partner Gregory Bournet.

As deploying capital gets harder, lenders and lawyers are turning to hybrid structures that blend sub-line mechanics with parallel vehicles and squeezing more leverage out of uncalled commitments.

Activity slowed in the first quarter as AI disruption, private credit pressures and geopolitical uncertainty weighed on the market, according to Bain & Company’s latest PE report.

Greater deal selectivity and a preference for lower valuation multiples means most independent sponsors seek returns that are higher than deals from traditional funds, research from Headway Capital Partners has found.

The Tokyo Stock Exchange is increasing minimum market capitalisation for companies listed in its Growth Market section to ¥10bn by 2030.

While CVs are a paradigm-shifting innovation, the industry must be relentless in the pursuit of fairness and integrity when using them, writes Jeremy Coller, chief investment officer and managing partner at Coller Capital.