Preqin Risk Monitor

Private markets face elevated inflation, higher interest rates, and low growth, but historic trends may ease those worries

As investors shifted to PE, and PE toward tech, assets outperformed while times were good but felt pressure as markets turned

Recent events have offered insight into fund manager behavior and how assets are valued

As we enter the new phase of the private markets business cycle, investors should focus on value creation strategies, valuation policies, and terms and fees to drive performance

Quantifying the performance gap between public and private equity

Performance dislocation emerged throughout 2022, but all eyes are now on where Q4 marks are being reported

Preqin Expert Voices: Deal Valuations

As deal prices fall, experts discuss whether this will be a golden opportunity for investors or a hindrance to exits

Funds growing asset revenues with some margin improvement

Buyout funds are scoring higher exit multiples on improved revenues but also benefiting from market tail-winds

Early losses don’t always spell doom for buyout performance

Some buyout deals hit a rough patch in 2022, but history suggests that down is not out

LPs should expect lower returns, but not forever

How will high-entry valuations affect the funds making deals and what impact will 2022’s backslide have on fund portfolios?

US buyout funds are paying more for less

In 2021, the average multiple paid for a US-based asset hit a record high even as earnings slid

Why LPs should expect diminishing returns from North American buyouts

The total value to paid-in capital ratio – a key indicator – shows North American buyout deal valuations have slid from 1.9x to 1.6x in the past five years