Industry Trends
Insights about private equity trends across industries.
The Unexpected Impact of Family Offices on PE Portco Operations
Family offices have emerged as a worthy competitor to PE for talent, capital, and assets. How is the competition impacting the actual management of assets?
Are PE-Backed Companies More Likely To Go Bankrupt? It’s Complicated.
The oft-cited fact stems from a study of pre-GFC data – in recent years, the opposite was true. But post-Covid, things have started to backslide… especially in two key sectors.
Exits Are More Sensitive to Interest Rates Than Buyouts
Unlike buyouts, there is a meaningful relationship between interest rates and PE-backed exits.
History Shows Interest Rates Alone Have Marginal Impact on Buyout Activity
The Federal Reserve is expected to cut interest rates by 0.25 in September 2024.
US PE’s Outperformance of European PE Is Structural, Not Operational
It’s not that US firms are better operators – there are a number of structural reasons for the performance gap between European buyouts and their American counterparts.
These Are the Top Feeder Companies for PE Operating Partners
As the remit of operating partners becomes more specialized, PE firms are recruiting from a broader range of companies.
Why Do Smaller Buyouts Outperform Large Caps? Operations.
Dedicated operating partners are scarce in the small- to mid-market. But counterintuitively, these firms’ operational successes have led them to outperform large buyouts.
How the Unwinding of the Yen Carry Trade Affects Private Equity
From increased borrowing costs to potential redemption requests by LPs to cover losses.
PE Ownership Bears Some Blame for the Healthcare Cyberattack Crisis
Private equity involvement in healthcare has been controversial for many operational reasons — we can now add digital innovation to the list.
The Midmarket’s People Problem
2024 has seen a renewed interest in midmarket deals. Successful post-facto value creation, though, will rely on buyout firms’ ability to navigate human capital needs.
CEO Turnover is Highest in PE-backed Technology Buyouts
33% of PE-backed technology buyouts in 2023 have replaced their CEOs in less than a year.
Private Equity Firms are Getting Out of Consumer Businesses
In 2023, consumer businesses accounted for 15% of PE-backed exits in North America.