Fri, Dec 6, 2019
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Private equity goes long healthcare in 2019

Wednesday, January 02, 2019

Bailey McCann, Opalesque New York:

Going small is getting big in private equity. As big buyout deals have become expensive and harder to find more capital and investing activity is going into the middle and small end of the market. In 2019, funds are likely to continue with this trend. Investing in healthcare emerged as one of the key sectors for middle market investors.

"We're very bullish on the middle and lower middle market next year," said Lee Gardella, Head of Risk Management and Head of Adveq U.S. at Schroder Adveq during a recent end of year outlook presentation. "We think the opportunity set at that end of the market is stronger then what you're seeing in big companies. There is better potential for multiple expansion." Schroder Adveq invests in private equity funds globally across strategies.

In his outlook, Gardella sees potential in most sectors across the middle and lower middle markets. There is also a global play as countries like China continue to develop their economies and support a growing consumer class.

Healthcare has emerged as a key sector of interest for middle-market private equity investors in the US and worldwide. According to data from Preqin, 2018 is on pace to be a record year for private equity healthcare investments. As at November 2018, 585 deals have been announced worth a total of $56bn. 2018 also saw the announcement of the largest healthcare-focused deal since the Global Financial Crisis - KKR ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. 50 South Capital & Preqin highlight emerging manager outperformance in a new report[more]

    Bailey McCann, Opalesque New York for New Managers: New data from Preqin and 50 South Capital, the investment arm of Northern Trust, shows that emerging managers are outperforming established managers by almost 4% a

  2. An academic wrecking ball aims at hedge funds[more]

    From Bloomberg: Quant investing, and indeed much of the hedge fund industry, is built on the power and freedom that come with the ability to sell short. When you short a security (borrow and then sell it, meaning you make money if the price falls and you then re-buy it), you can profit when markets

  3. PE/VC: Private equity buys $101bn of European businesses, 30 under 30 venture capital 2020: Meet the young investors backing tech's next big thing[more]

    Private equity buys $101bn of European businesses From Bloomberg: European equities' cheap valuations have turned the region into a honeypot for private-equity and arbitrage funds looking to reap double-digit returns. With the buyout firms enjoying a massive amount of dry powder, especial

  4. Hedge fund Moore Capital to return money to external investors[more]

    B. G., Opalesque Geneva: Louis Bacon's Moore Capital Management is to return capital from its three macro hedge funds to investors. The funds will continue running partners' money and Bacon, 63, will reduce his involvement in trading, according to a letter to investors seen by

  5. Crypto: Almost 70 crypto hedge funds have closed this year as institutional investors shy away, Central bank talk of launching cryptocurrencies is all bluff, Thailand and Hong Kong in crypto collaboration with cross border token project, Crypto loans see solid growth, platforms attract community interest, A Bitcoiner in the Senate? Is Bakkt CEO in US govt. good or bad for crypto?, Bank of France to test digital currency in 2020[more]

    Almost 70 crypto hedge funds have closed this year as institutional investors shy away From The Block Crypto: Nearly 70 crypto-focused hedge funds that largely cater to institutional investors, such as pension funds and family offices, have closed this year. The number of new fund