Coller Capital Global Private Equity Barometer

Coller Capital Global Private Equity Barometer

We are pleased to share our 30th Coller Capital Global Private Equity Barometer and its associated  press release. Coller Capital's Barometer is a unique snapshot of global trends in private equity – a twice-yearly overview of the plans and opinions of Limited Partners worldwide. This edition contains findings on:

  • Returns from, and appetite for, PE and alternative assets
  • Sales of management company interests by GPs
  • LPs’ appetite for new products from their portfolio GPs
  • Attractiveness of additional, ‘non-contractual’ services offered by GPs
  • GP-led secondary transactions
  • LPs’ workload and activities
  • Deal-by-deal carry vs whole-fund carry
  • LPs’ and GPs’ ESG initiatives
  • Views of ILPA and its future direction
  • PE exits to public vs private markets
  • Prospects for venture capital in China compared with the USA
  • Attractiveness of space technology
  • Consolidation and regulation in PE debt markets

"The Coller Capital Barometer has become an essential fixture in the PE calendar, and is highly regarded by industry specialists and journalists alike." 

                   PE News

Highlights from the Summer 2019 Barometer

Enhancing team stability/resources are best reasons for ManCo stake sales

Facilitating generational change, and strengthening the resources GPs can bring to bear on the market, are the best reasons for them to sell interests in their management companies to outside investors, LPs say. By contrast, only one -third of LPs believe it is appropriate for GPs to sell management company stakes to launch new products or fund GP commitments.

Appropriate reasons for GPs to sell minority stakes in management companies – LP views

Lack of clarity around the term ‘ESG’ will be increasingly problematic for LPs

The majority of LPs believe that the vagueness of the term ‘ESG’ is creating problems for the investment community or is likely to do so in the future.

 

Consequences of definitional problems with the term ‘ESG’ – LP views

Improving their employee diversity is a key focus for LPs and GPs alike

Improving their employee diversity is an important priority for LPs and GPs alike. However, there are differences in prioritisation between investors and fund managers in other areas of ESG. Some two-thirds of LPs are introducing more flexible working and family -friendly employment conditions (vs 43% of GPs) – while three quarters of GPs are focused on employees’ ESG training and coaching (vs 43% of LPs).  Just over half of GPs are trying to boost their organisation’s engagement with charity – versus just over a third of LPs.

Areas where LPs and GPs(1) are attempting to improve their internal ESG performance

Barometer library

Summer 2019

Winter 2018-19

Summer 2018

Winter 2017-18

Summer 2017

Winter 2016-17

Summer 2016

Winter 2015-16

Summer 2015

Winter 2014-15

Summer 2014

Winter 2013-14

Summer 2013

Winter 2012-13

Summer 2012

Winter 2011-12

Summer 2011

Winter 2010-11

Summer 2010

Winter 2009-10

Summer 2009

Winter 2008-09

Summer 2008

Winter 2007-08

Summer 2007

Winter 2006-07

Summer 2006

Winter 2005-06

Summer 2005

Winter 2004-05

Videos

Winter Barometer 2018-19

Katrina Liao and Will Yea discuss emerging private equity markets.

Winter Barometer 2018-19

Louise Boothby and Mark Hindriks discuss private equity and venture capital allocations and investment selection.

Winter Barometer 2018-19

How will trade disputes and Brexit impact private equity? Francois Aguerre talks about investors’ views as reported in our latest Barometer and discusses the performance of private equity through the economic cycle.

Summer Barometer 2018

David and Hani discuss the impact of performance-related pay and institutions’ internal operations on private equity returns.

Summer Barometer 2018

Martins Marnauza and Martin Fleischer discuss innovative strategies in private equity

Summer Barometer 2018

Gerald and Yonatan discuss private equity fund selection and investors’ strategies for making fund commitments.

Summer Barometer 2018

Adam Black talks about the importance of ESG in private equity.

Winter Barometer 2017/18

Paige Brotherton and David Platter discuss trends in private equity commitments and returns

Winter Barometer 2017/18

Lisa Sun and Zhan Yang discuss the outlook for private equity in China

Winter Barometer 2017/18

Francois Aguerre and Eric Foran discuss the changing dynamics in private equity and venture capital in Europe

Barometer Summer 2017

Remco Haaxman and Louise Boothby discuss how investors view the global and regional outlook for private equity.

Barometer Summer 2017

Michael Schad and David Jolly discuss the factors investors see as significant risks to private equity returns.

Barometer Summer 2017

Stephen Ziff examines how investors’ private equity returns could be improved by changes to their structure and processes.

Barometer Summer 2017

Francois Aguerre talks about how investors view private equity investment opportunities in credit, platform deals and energy.