Managers

The more ambitious goal may owe to an anticipated surge in secondaries investing, driven by pent-up demand, especially among cash-hungry LPs.

LP sales continue to drive secondaries activity as limited partners look for ways to capture liquidity from their illiquid PE portfolios amid a slowdown in distributions.

Certain characteristics help a new firm stand out in the crowded yet sluggish fundraising market, and Weymouth's firm is in position as a seeder to sort out those firms building for the future.

Nautic Partners XI is set to bring in $1bn more than its predecessor, closed in 2021.

The system committed nearly $5bn to co-investments in the second half of 2023 – including one totaling $750m.

In a conversation with Warburg Pincus CEO Chip Kaye, Eneasz Kadziela, the head of private equity with the New York City comptroller, said the frantic fundraising pace of 2021 was something of a burden for LPs.

With greater GP interest in high-net-worth investors, a noteworthy trend is the formation of private equity-specific products tailored to the liquidity requirements of this source.

A panel of LPs discuss trends and themes in private equity, including the use of secondaries to rebalance portfolios.

The firm's co-chief executive is optimistic dealmaking will return this year, with 2024 potentially marking a 'sweet spot year' for returns, he told attendees at PEI Group’s NEXUS 2024 summit.

Speaking at Private Equity International’s inaugural NEXUS 2024 event, Howard Marks warned that investors should brace for lower returns.