Recent tie ups involving Saudi Arabia’s PIF, Neuberger Berman and Franklin Templeton underscore the growing significance of this region for private markets fundraisers.
Tariff turmoil could battle test the resolve of individual investors and their suitability for the burgeoning community of semi-liquid private markets funds.
A heightened level of scrutiny on the industry will accompany the retailisation of LP capital.
Some LPs tell PEI they are more cautious of US private equity in the near term, with European markets to be potential beneficiaries this year.
While some LPs that had planned to sell into the secondaries market this year are mulling whether the time is right, others are ploughing ahead with their processes – for now.
The industry, which is not immune to volatility and shocks, is inherently better positioned to manage those shocks than other asset classes.
The barriers preventing mass uptake of private markets exposure by individual investors are being torn down.
Some LPs are thrilled with the options being offered amid rising portfolio sale activity, while others are less receptive.
There are concerns over how welcome foreign capital will be in the US and the knock-on effects this could have on capital allocations.
Talk of disruption and dislocation amid a turbulent new US administration reigned supreme.