This is the story of the most profitable private equity buyout of all time and it’s French 🇫🇷. Company : Polyplus-Transfection.Sector : Healthcare 💊.Sponsor : Archimed . Here is a thread on how Archimed achieved a 300x MOIC on its initial investment 🧵👇.

Secondaries fundraising broke a record in H1 2025, $80Bn were raised!.

I will add that endowments mostly invest in brand-name GPs, which are « flow names » in the secondary market. They are literally priced by all the market participants. People have no clue how competitive the market is for this type of LP stakes. There are secondary players out.

A STORY OF LEVERAGE—I attended the AGM of a lower mid-cap PE fund today and had a fascinating talk with the founder of one of the portfolio companies. He told me how being unlevered allowed him to crush his competition during a market downturn. In 2010, the guy founded a.

I know a guy who owns a bunch of good quality real estate in Paris, portfolio appraised by « independent valuation » firms like CBRE, JLL…. Needed liquidity —> gave sell mandate to CBRE and others…. The best bid he received was 20% below the lowest mark….

PAI Partners exiting Froneri through a second continuation fund. A CV on a CV…

Private equity firm ads on tennis player jerseys is the new normal!. And congrats to her, of course!.

I just learned through a secondary process that Jeff Bezos’ brother is running a PE firm. His latest company acquisition is: «  an e-commerce agency accelerator providing marketplace management services primarily through the Amazon Marketplace. ». What a coïncidence! 😏.

I talked with a friend who founded a highly successful LMM PE firm. He recently ran a dual-track process, traditional exit vs. continuation fund, through Rothschild & Co. for one of his portcos. He got exactly the same pricing from both Primary PE funds or Secondary GP-led.

No sub-asset class seems immune to the spread tightening in private credit. Below are NAV Loan to Fund of Funds spreads per AXA IM.

Good illustration from Siguler Guff of what the average Lower Mid Market deal looked like for the last 20 years

Evergreen guys are killing the secondary market. They consistently pay NAV or even premiums to avoid cash drag. I wonder how these people who underwrite secondary deals at 1.3x multiple—12% gross IRR will perform…after their generous fees. Glad not to compete in their deal.

RT @holistic_pm: Campbell Lutyens dropped another good market report, this time covering Private Credit. Some interesting slides 👇.1. Fundr….

Campbell Lutyens dropped another good market report, this time covering Private Credit. Some interesting slides 👇.1. Fundraising activity split by strategy.2. OpCo vs HoldCo risk in infrastructure lending.3. Growth of PC secondaries.4. PC secondaries and NAV Lending players

I am looking for a historical dataset of realized buyout deals, including realized MOIC and performance metrics. Any other complementary data would be helpful. Does anyone have this type of stats to share with me?.

It’s estimated that more than 50% of private equity portcos have been held for over 5 years, with holding periods nearing historical highs. The Year 2021 was the peak in terms of both volumes and valuations. The 2021 cohort will turn 5 years old next year. This means that if 2025

In August 2024, we purchased a PE fund managed by Five Arrows (Rothschild & Co) on the secondary market. Over the last 3 weeks, they have announced two exits (resp 5x and 2.9x MOIC, higher than our upside case) at significant uplifts vs our discounted reference marks. This.

Guys, you were overly pessimistic! Believe it or not, we got a bid at par (100% NAV).

I am doing a little bit of spring cleaning in the portfolio. I put for sale some Private Credit Funds. Guess what king of pricing I got for an average+ European direct lending / unitranche funds (2021 Vintage).

Performances of our private market institutional portfolio in 2024 :. 💰Private Debt: +7%.🚅 Infrastructures : +7,5%.📈 Private Equity: +20,4% .🏠 Real Estate: -0,7%.

Are there people here active in seeding emerging managers?.Ideally, anchor investor in the fund and getting economics in the GP and Carried benefits in exchange.