5Capital

When you look at the data, the dispersion of returns for emerging managers is much wider than its established peers. In buyout, for example, the bottom of the top to the top of the bottom (read that twice) is about 2000 basis points or more. That being said, top-quartile emerging managers do provide exceptional returns, often in line with or better than their established manager peers, but there are other risks that need to be considered. #privateequity #LPs #GPs #placementagent

Dozens of tech funds — including the $25bn venture firm New Enterprise Associates and New York-based Insight Partners — have set up or are establishing “continuation fund” vehicles. #venturecapital #privateequity #lps #gps #placementagent

Canadian private capital group Brookfield Asset Management has raised a record-sized $28bn infrastructure fund as institutional investors plough cash into strategies they expect will benefit from higher interest rates and a shift away from globalisation. #infrastructurefunds #privateequity #LPs #GPs #placementagent

From the 5Capital Funds Placement family to yours, Happy Thanksgiving.

An important earnings call that highlighted the continued growth of the private credit as an asset class. #privatecredit #infrastructureprivateequity #placementagent

The medium-term climate for investors and managers feels healthier, according to Preqin. Global AUM for all alternative assets is expected to reach $24.5tn in 2028, up from a projected $16.3tn at the end of this year. That’s a steady 8.4% CAGR for 2022 to 2028, with North America leading the way. As readers would expect, the outlook varies by asset class. We forecast hedge fund AUM will increase by only 3.6%, real estate by 6.2%, natural resources by 6.4%, and infrastructure by 7.4%. But for private equity we forecast 10.0%, private debt 11.1%, and VC 14.2%. #privateequity , #LPs, #GPs, #placementagent

The most consequential developments of the past 50 years? "It's a tie between the substantial gain in market share of low-cost passive investment funds and ETFs," and the incredible growth of private markets, said Lamar Taylor, interim executive director and CIO of the $185.7 billion State Board of Administration of Florida, Tallahassee. #privateequity , #LPs, #GPs, #placementagent

J.P. Morgan Asset Management becomes the latest entrant in the private markets space aiming to attract capital from wealthy individuals. JPMorgan Private Markets Fund ("JPMF"), a 1940 Act-registered, evergreen private equity fund is designed to provide access to private equity investments for qualified and accredited individuals.  #privateequity , #LPs, #GPs, #placementagent

The infrastructure shake-up and the unpredictable pace at which the energy transition is unfolding require investors to scrutinize their existing portfolios and ensure that assets are correctly rated for risk/return. Some investments viewed as low-risk, low-return “super core” assets may carry more risk than is currently understood, particularly as entire fuel sources and related assets are phased out of the economy. On the other hand, maturing network technology, combined with large-scale social changes such as the acceptance of remote working, have moved some digital assets down the risk spectrum. Investors need to understand which categories assets belong to today and adjust their portfolios accordingly. #infrastructurefunds, #LPs, #GPs, #placementagent