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Laxman Pai, Opalesque Asia: Private equity investors maintain a positive outlook for PE in North America and Europe in 2023 and 2024, seeing these as particularly strong vintage years, said a study.
According to Coller Capital's summer edition of its Global Private Equity Barometer, 80% of LPs expect to make their first commitment to a new private equity manager in the next one to two years. Over half of the LPs expect to do the same to new managers in private credit and venture capital.
Three-fifths of LPs believe that 2023 will be a strong vintage year for North American private equity.
More LPs are positive on the outlook for 2024, with 71% saying it will be a strong year and almost no LPs expecting it to be weaker.
In its survey, Coller found half of the LPs expect a stronger outcome for European PE in 2023, with more LPs being positive on the outlook for 2024. Three-quarters of European LPs are positive on the outlook for 2024.
45% of LPs say that 2024 will be a stronger vintage year for Asian private equity, with a higher number of Asia-Pacific LPs taking a positive view of their own region (70% of respondents).
Meanwhile, 87% of LPs say that healthcare and pharmaceuticals are attractive sectors for private equity investment over the next two years. Three-quarters of LPs say IT and business services look attractive.
LPs' views on renewable and hydrocarbon energy vary considerably with 69% and 49% of LPs viewing these sectors as attractive respe...................... To view our full article Click here
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