4 December 2017 Barometer
Research & Insights

Coller Capital’s 27th Global Private Equity Barometer, Winter 2017-18

  • The UK buyouts market has become less attractive, say 44% of European PE investors
  • LPs reject quotas to boost female representation in the private equity industry
  • Recreational marijuana businesses are unsuitable for private equity, a majority of LPs think

Between 2006 and 2012, the share of LPs making direct investments almost doubled, but it has not changed materially since then, remaining at about a third of LPs. Co-investing, by contrast, has been increasingly popular, with the number of LP co-investors doubling over the last decade. Another structural limit has become apparent in LP approaches to Chinese private equity. The proportion of investors committing to China-specific funds (as opposed to regional funds or funds-of-funds with exposure to China) now stands at around half of LPs. The Barometer shows that this proportion is unlikely to grow.

Jeremy Coller
Chief Investment Officer and Managing Partner
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This Barometer paints an interesting picture of an industry whose size is continuing to grow, but whose shape is starting to become fixed. We’re seeing a parting of the ways in the investor community. Limited Partners who have adopted specialised approaches to private equity – investing directly into private companies, for example – will probably increase the proportion of capital they put to work in those areas. Investors who have not already chosen such routes will not necessarily do so in the future.”
Jeremy Coller
Chief Investment Officer and Managing Partner
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