Three Schlüsselthemes for Private Equity in the year 2024

Images: Solutio AG, Pantheon.

The Year 2024 is about Private Equity Opportunities and Restructuring – an overview of the economic consequences and risks Central themes that became the best in 2024.

Views of the future forecasts of 2023 are more robust than the economic environment. So both the US and the Eurozone will forecast the outlook. The previous phase in 2024 was a period of moderate expansion.

Makrökonomics Bild: Balance act in a hiking area

The central banks are now in favor of heiklen growth, the inflation of inflation, a recession that is prevented, which no longer exists in the main industrial countries.

Versatile support for the manager

The perspective of the Zinserhöhungen is Private Equity with a more skittish Umfeld confrontation, that the Auswirkungen of the high financial costs are promoted. It is possible that a good picture will emerge from the displayed result. In the large and goose mirror, the representation of a larger environment is wider, which means that the Monaten are visible. The long-awaited performance is grim, with the three, financial and annual (annual) results. It is not always the case that the market and the manager have acquired a new meaning. Since the year 2024, the returns of Private Equity Assets have become a lot bigger, when the sentence starts to sink.

Transactions begin with Fahrt aufzunehmen

An excellent representation of the Dealflows can take place on the horizon. If you use more factories – from a record file and a dry powder to your new calibration of the preiserwartungen – the Private Equity manager in the low, has started a new phase in closing a transaction. The sense of humor, exit after a lifetime, plays with a view of the fund manager and falls into a role. The Dealflow and the Bewertungen have reached the historically high standards of the first quarters of 2022, a little in the second half of 2023 to stabilize. I have written for several years that one level up, it will take a month before a war is waged. The median of the EV/EBITDA profit multipliers has continuously sunk in the last two years, from 13.3-Fachen in Year 2021 to 10.9-Fachen in 2023, with a constant increase of 50% in 2023. in relation to their previous experiences.

Dry powder

The production of dry powder has reached a record level. It is a dry powder that is up 250% in the year 2010 and quickly up 50% in four years and about 3.3B. USD. It reflects the entire community, which is broader in the industry, as the manager brings more capital to “work”.

Secondary market opportunity

In the first half year 2023, transactions in the amount of 42 million will be made. USD has fallen, while interest rates on a stabilization of the price a German war and transactions in the world of 73 billion. USD will be withdrawn. For the year 2024, a transaction volume of more than 100 billion is expected. USD is at a possible record level. The robust market forces are reflected in the demand for the widespread shares of Private Equity Secondaries Fund in a broader sense, which is broadcast on the Private Equity Market in previous years. There are many people who rely on the paintable Kapitals in Secondaries-Fonds Fließt.

About the Autoren:

Robert Massing is the supplier of the AG-anlagekonzepte solution for institutions.

Ralph Günther is a partner and leader of Pantheon’s Investor Relations team for Continental Europe. Günther is a member of the Secondaries-Team von Pantheon.