Podcast: Q1 2023 - Bank runs, fund home runs and markets come undone
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.
Theme music: ©2012 Kick Up The Fire
Adams Street secures USD 3.2bn for newest secondaries programme amid LP stakes dealflow uptick
Private markets investor has seen LP stakes increase as a proportion of its deployment over the past year, partner Jeff Akers said
Purple Ventures plans EUR 30m-EUR 40m fund to invest across CEE
Early-stage investor expects to hold a EUR 20m-plus first close for its second fund by Q1 2024
Bewater Funds nears EUR 7m close for second fund, aims to back 20 companies in next four years
Bewater II FCRE takes minority stakes (5%-25%) with tickets of EUR 500,000-EUR 2m, and it has already made three investments.
Unquote Private Equity Podcast: In conversation with... Fabio Ranghino, Ambienta
In an interview with Unquote, Ranghino discusses topics including ESG and the next phase of Ambienta’s growth