Fundraising

Healthcare private equity fundraising has been strong this year – over the past three quarters, 177 funds globally raised about $165.7bn, the second-highest tally since 2008.

Topics du jour included LP sentiment around today’s heady fundraising environment and frenetic dealmaking; the pervasiveness of continuation vehicles; and the democratisation of private markets.

Fundraising will take longer next year and the majority of capital will be allocated to safety, noted panellists at Private Equity International's Women in Private Markets Summit on Wednesday.

US fund managers can tap growing investor appetite in Europe and the Gulf Cooperation Council (GCC) if they can navigate regulatory and structuring challenges, say Ocorian’s Marc van Rijckevorsel and Pascal Loscheider.

For founders Kevin Ma and Ron Nayot, the evolution from independent sponsor to fund manager was eye-opening, exhausting and sometimes punishing.

GP stakes funds are targeting nearly three times 2019’s record fundraising haul, but the lack of predictability around exits may be keeping LPs from embracing the strategy.

Investor demand for new managers rests on the return of in-person meetings.

Deals boosted by General Atlantic’s investment in Turkey’s first decacorn set the scene for more activity in the country’s tech and media sectors.

Latin America constitutes the ‘last unconquered stretch’ of the global fundraising picture, according to Philippe Stiernon, chief executive of Bogota-based placement agent ROAM Capital.