Insights into hedge funds, private credit, and private equity
Alternatives sit at the top of many investor priority lists. But finding the right opportunities in such a crowded space is challenging. Here you’ll find some of the latest and best thoughts on hedge funds, private equity, venture capital, and private credit.
Hedge Funds
Hedge Fund Outlook 2025 (With Intelligence)
Hedge funds can look toward 2025 with a degree of optimism. However, 2025 will present plenty of challenges for hedge funds as well.
Hedge Fund Monitor Shows Rising FX and Sovereign Debt Exposure (OFR)
A handful of very large hedge funds simultaneously unwinding positions, particularly leveraged positions, could increase volatility.
Three Performance Drivers Could Help Hedge Funds (Wellington Management)
Data shows that higher interest rates are beneficial for hedge funds because they usually maintain substantial cash reserves to implement trades using derivatives and leverage.
Private Debt
Examining the Case for Private Credit (Verus Investments)
Certain private credit strategies have been prevalent within private capital portfolios predating the GFC. However, much has changed since then.
Direct Lending: Does Borrower Size Matter? (Fidelity Investments)
For compliance reasons, this paper is only accessible in the United States
Beyond financial covenants, another key factor contributing to the return advantage of lower middle market loans is lower capital structure leverage.
Private Credit: An Enduring Opportunity in Dynamic Market Cycles (Apollo)
While private credit has accounted for the majority of LBO financing since 2021, there has been a pickup in syndicated loan issuance in recent quarters.
Global Private Capital Barometer Winter 2024-25 (Coller Capital)
The Barometer explores the current dynamics of private markets, examining trends and how LPs are navigating the evolving environment.
Private Equity & Venture Capital
Looking Back at M&A in 2024 (Bain & Company)
For most of 2024, there were great expectations that private equity would get back in the game while getting out of portfolio positions.
Why Private Equity Is Essential for UK Defined Contribution Pensions Today (WTW)
For compliance reasons, this paper is only accessible in the United Kingdom
DC schemes are increasingly in need of assets that not only aim for high returns, but also exhibit adaptability over time.
Life Sciences Snapshot – Q4 2024 (Orrick)
Life sciences venture activity YTD marked the end of negative YoY growth, as 2024 is slated to meet if not exceed 2023 life sciences VC activity.
Investing for Impact in African PE Funds (British International Investment)
Risk-bearing capital is especially important for development because it is needed to finance pioneering and ambitious business plans.
Outlook for Private Markets 2025 (Apollo)
Buoyant equity markets, tighter credit spreads, and a cheaper cost of debt capital may lead to more corporate transactions in 2025.
Riding Unicorns: Startups and Venture Capital in Japan (IMF)
The startup ecosystem in Japan has seen gradual growth, supported by the government’s recent initiative and a significant interest from overseas venture capital.
M&A: Triple Trends for 2025? (Candriam)
Over the past three years (2021 to 2024), the M&A environment faced challenges. Will 2025 be any different?
