Category: Allocator Interviews in Private Equity

Private equity has matured into a mainstream – if not cornerstone – allocation for institutional investors. Following years of record fundraising and valuation expansion, the asset class now faces a more challenging backdrop – marked by higher interest rates, muted exit activity, and heightened scrutiny around transparency, ESG practices, and fees. Yet amid these headwinds, new opportunities are emerging through secondaries, continuation vehicles, and co-investments, while operational value creation has become a key driver of returns, according to Linsay McPhater of Industriens Pension. Market Dynamics and Shifting Return Drivers “The private equity...