The firm's co-chief executive is optimistic dealmaking will return this year, with 2024 potentially marking a 'sweet spot year' for returns, he told attendees at PEI Group’s NEXUS 2024 summit.
Panellists at PEI Group’s NEXUS 2024 summit discuss the blurring of the lines between secondaries and co-investments.
Speaking at PEI Group's NEXUS 2024 summit, the Carlyle co-founder said his firm could have done a better job developing its non-institutional offering in the past.
Continuation vehicles across different geography, size and industry of underlying assets have generated similar return multiples.
Chief executive Harvey Schwartz identified the firm's wealth business as one of its key strategic objectives for 2024.
Panelists share tips including proactive LP relationships, cross-team support.
Panelists say fundraising growth can boost bidders and cut pricing spreads.
Driving activity was strengthening pricing, which was helped along by a stabilization in interest rates last year, along with an overall improvement in economic outlook.
LP-led deals drove the bulk of volume last year and accounted for 55% of total trading, according to data from the investment bank shared exclusively with Secondaries Investor.
Knowing exactly why you want to co-invest, formalizing your strategy and making sure all the key ingredients are built into your program will go a long way toward making you a reliable, sought-after co-investor, write Meketa Investment Group's Steven Hartt and Ethan Samson.