Podcast: Q1 2023 - Bank runs, fund home runs and markets come undone

Unquote team
20 April 2023

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The Unquote reporting team discuss key issues that have arisen for the European private equity market in Q1 2023, including how sponsors are addressing liquidity challenges and the outlook for venture and growth activity.

Funds editor Harriet Matthews is joined by Unquote’s reporters, who share their insights from their conversations with market practitioners, backed by preliminary statistics from Unquote Data.

According to preliminary figures on buyout activity from Unquote Data, Q1 2023 saw dealmaking fall to its lowest point in more than a decade.

Meanwhile, although the overall amount raised by buyout and generalist GPs in this quarter held up well year-on-year, the actual number of closes is also down, with large swathes of capital scooped up by large fundraises.

Against this backdrop, sponsors are having to manage their own liquidity issues, be it at management company or portfolio level. Meanwhile, venture capital and growth investors are grappling with an uncertain market, with practitioners on the look out for bright spots amid an overall slowdown.

0:58 – Preliminary Q1 figures from Unquote Data
4:28 – Liquidity issues with Rachel Lewis
11:48 – GP-led secondaries with Min Ho
20:49 – Venture and growth activity with Ero Partsakoulaki

You can listen to the podcast in the audio player above, as well as your favourite podcasting platforms, including Spotify and Apple Podcasts.