Deep dive into developed markets with the latest SuperReturn LP magazine
In today's rapidly evolving investment landscape, private markets stand at what might be their most critical juncture in decades. Our newly released SuperReturn LP magazine tackles the pressing questions that keep industry leaders awake at night, from fundraising realities to emerging opportunities, this edition provides the strategic intelligence required to position yourself in today's complex landscape.
A sneak peek of what's inside:
The distribution winter challenge
The current "distribution winter" has created unprecedented challenges across the private equity ecosystem. As Antony Anastasiadis, Hamilton Lane explains in our feature interview, this phenomenon has fundamentally altered how both LPs and GPs approach their strategies:
"Secondaries aren't just a liquidity solution anymore - they're becoming essential infrastructure for the entire private markets ecosystem," notes Anastasiadis. His analysis reveals how these instruments could potentially thaw the frozen pipes of PE distributions.
LP due Diligence: The new reality
What's truly fascinating about today's market is where LPs are focusing their extended due diligence. Dana Haimoff, J.P. Morgan Asset Management provides remarkable insights into this shift:
"We're seeing sophisticated LPs move beyond IRR and MOIC to evaluate managers through a much more nuanced lens," Haimoff explains. "The metrics that mattered five years ago are just table stakes today."
Secondaries: Market evolution in real-time
Two compelling perspectives on the secondaries market highlight its growing importance:
Cari Lodge, CF Private Equity, makes a compelling case for substantial growth in the secondaries market, identifying specific areas where expansion is not just beneficial but necessary.
Meanwhile, Louis Choy, Carlyle AlpInvest, offers a rare window into LP position sales, explaining how continued investment needs are driving previously unseen market behaviors.
Beyond traditional boundaries
The magazine explores several emerging frontiers: Private Credit's New Horizons Kirsten Bode of Muzinich & Co takes readers on a journey through private credit's expansion beyond its traditional boundaries, highlighting opportunities that simply didn't exist a few years ago.
A game-changing partnership
Andrew Durgee from Republic provides fascinating analysis on how private capital is transforming women's sports, with U.S. leagues leading this revolutionary trend.
Continuation vehicles demystified
Philippe Ferneini, StepStone Group, breaks down the increasingly important role of continuation vehicle structures and what's driving LP support in today's complex environment.
Market sentiment: Straight from the source
Our exclusive interviews captured revealing perspectives from key market players: Jordon Kruse, Oaktree Capital Management, shared optimism about deployment opportunities, citing economic growth and strong company performance as key drivers.
Michael Bruun, Goldman Sachs Alternatives, pointed to lower interest rates and increased motivation from both buyers and sellers as catalysts for improved dealmaking in the coming year.
Isabelle Freidheim, Athena Capital, offered a provocative take on tech investing:
"The era of technology for technology's sake is over. Today's winners in fintech and healthtech are distinguished by operational excellence and sales execution."
