private equity

Private markets used to be just a stepping-stone to public markets, where the really serious capital was available. However, as Frederick Pollock, MD of US-based Grosvenor Capital Management points out, with bigger deals now possible privately, more companies are avoiding going public. Show More

Did you know that 98% of all companies in Europe and the US with revenues in excess of $10 million are not listed? Not only that, but the number of listed companies have been steadily decreasing since the mid 1990’s. In collaboration with Chicago based Grosvenor Capital Management, the Pengana... Show More

The Emerging Companies Fund, under joint management by CVC and Evans Dixon, now gives wholesale investors access to the kind of early-stage investment opportunities commonly reserved for private money. The Emerging Companies Fund aims for superior, long-term returns from its portfolio of 15–25 listed and unlisted growth and expansion-stage companies,... Show More

Private equity can provide investors with uncorrelated and compelling returns and diversification benefits. This has clearly been noticed by the highly successful Future Fund which has almost 15% of its portfolio exposed to this asset class. We discussed some of the opportunities and challenges in private equity today with Fred... Show More

Producing outsized returns requires doing something differently to other investors. One way of achieving this is by investing in companies before they list on the ASX and other investors have the chance to get on board. Jonathan Pearce, Portfolio Manager at the CVC Emerging Companies Fund, likes to take a... Show More

At the end of 2018 the US Federal Reserve backflipped on their plans to continue hiking interest rates. Why? Well to put it simply, it seems that they underestimated the effects that tightening monetary policy would have across asset markets. Show More

Elon Musk, the divisive entrepreneur, has recently made headlines with the below tweet. In a subsequent blog post, Musk made clear his reasons for wanting to take his electric vehicle company, Tesla, away from the stockmarket. He expressed his frustration at the distraction caused by wild swings in the Tesla... Show More

The average return on new listings in 2017 was over 60%. Having some exposure can add to your returns, but there are plenty of landmines to avoid. Cyan is active in this market and Dean Fergie discusses their approach in this exclusive interview, including one recent listing that passed the... Show More

A recent market report from Pitcher Partners found that M & A activity in 2017 increased 55% compared with the prior year, with numerous industry players such as Morgan Stanley, KPMG, and more all suggesting that M & A activity is showing no signs of slowing down just shy of... Show More

One of the more important issues that private equity firms face today is one that should feel familiar to public market investors; overvaluation. In the US, the average buyout valuation was 10.9 times EBITDA in 2016, which exceeds 2007 peak despite lower levels of leverage. Show More