Private Equity Wire：2024私募股权（PE）市场交易驱动因素分析报告（英文版）（19页）.pdf

1、OVER THE LINE DEAL DRIVERS IN TODAYS PE LANDSCAPEP R I V AT E E Q U I T Y W I R EAUGUST 2024SUPPORTED BY:Deal activity forecasts for the rest of the year remain tentative with positive indicators such as narrowing valuation gaps and anticipated interest rate cuts,among others,being offset by intensi

2、fying geopolitical volatility and wider economic concerns.As this tense reality persists,certain features characterise the private equity deal landscape of today.Number one is the continued flight to quality.Our research finds that most deals fall through at the very early stages during research and

3、 origination or due diligence.Only a few assets make it through multiple levels of scrutiny in a risk-off environment and at least at the large-cap end of the market these quality companies are coveted by multiple managers.What results is a highly priced and fiercely competitive deals landscape.This

4、 is far from sustainable,particularly in light of the second defining feature of todays PE industry vast pools of capital either unrealised or undeployed.Bridging solutions to generate liquidity in the short term have grown in popularity as a way to return capital to LPs while waiting for more favou

5、rable exit opportunities but the longer term play for GPs will have to be getting deals over the line.The need of the hour is differentiation:whether in origination strategies through the use of tech and third-party partnerships;in segmentation of the market based on established investment themes;in

6、 the approach and proposition to sellers;or in the longer term value creation thesis.This report digs deeper into all of the above themes,set against the backdrop of the wider conditions affecting the PE deal landscape.O V E RV I E WPRIVATE EQUITY WIRE INSIGHTS REPORT|AUGUST 2024|2CONTENTSEXECUTIVE