
Barometer library
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We are pleased to share our 37th 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:
- Denomintator effect likely to reduce the pace of PE commitments
- Macro environment and inflation viewed as significant risks to private equity returns by LPs
- PE and private credit are viewed as more attractive by LPs than public markets in volatile times
- PE markets in the CEE, UK and Italy have become less attractive to LPs than four years ago
- More LPs are investing in PE energy assets than four years ago, both renewables and hydrocarbons
- ESG-related disclosures viewed as a gating issue for three quarters of LPs
Coller Capital Global Private Equity Barometer
Summer 2022
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We are pleased to share our 36th 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:
- LPs’ private equity vs public equity portfolio performance
- Achievability of LPs’ private equity target returns
- LP views on alternative sources of PE fund capital
- LP commitments to funds investing in GP management companies
- ESG’s role as a value driver
- ESG sector exclusions and environmental risks
- Reputational risks to LPs from activist investors/media campaigns
- LPs’ exposure to cryptocurrencies and the metaverse
- LP recruitment
- LP commitments to VC funds targeting female and ethnic minority founders
- Investor commitments to private equity funds at first closing
- Implications of rising interest rates for private credit portfolios
- Private markets asset allocation and returns
Coller Capital Global Private Equity Barometer
Winter 2021-22
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We are pleased to share our 35th 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:
- The structuring of portfolio company incentives
- Public/private ownership models and performance
- Continuation funds
- Co-investments
- Secondaries in private markets
- Private credit
- Virtual due diligence
- ESG considerations in new fund commitments
- Likelihood of regulatory change in private markets
- Greenwashing
- Cybersecurity
- Appetite for fund commitments in Asia-Pacific
Coller Capital Global Private Equity Barometer
Summer 2021
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We are pleased to share our 34th 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:
- Mega-trends influencing PE asset allocations
- Risks to PE returns
- Relative attractiveness of different countries/regions for PE investment
- The Biden-Harris Administration’s likely impact on PE
- Likelihood of a tech market correction
- PE asset allocation and returns
- LP plans for re-ups and new GP relationships
- The effect of ESG policy on PE returns
- ESG policy effectiveness and LP remuneration
- LPs’ work/life balance
- Secondary investment strategies
- LPs’ co-investment policies
- Private credit
Coller Capital Global Private Equity Barometer
Winter 2020-21
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We are pleased to share our 33rd 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:
- GP communications during the Covid-19 crisis
- Structural risks in PE portfolio construction
- PE investment opportunities in the current environment
- PE allocations and returns
- Co-investments
- LPs’ liquidity needs and the secondary market (including GP-led secondaries)
- ‘Take privates’ of public companies
- Special Purpose Acquisition Companies (SPACs)
- Business sector-focused strategies
- Ethnic diversity within PE
- Distressed and turnaround strategies – exposure, return expectations, default rates
Coller Capital Global Private Equity Barometer
Summer 2020
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We are pleased to share our 32nd 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:
- The role of PE fund Advisory Committees (LPACs)
- Interactions between LPs
- Future levels of concentration in PE fund commitments
- The likely effects of geopolitical tensions on PE strategy and asset allocation
- Political risk in PE’s emerging markets
- ESG policy, climate change, and carbon neutrality
- LPs’ requirements for independent portfolio valuations
- LPs’ level of satisfaction with GP transparency
- LP usage of data aggregator services
- PE as a source of creative disruption
- Pervasiveness of buy-and-build expertise within PE
- The role and effectiveness of Operating Partners
- GPs’ use of EBITDA ‘add-backs’
Coller Capital Global Private Equity Barometer
Winter 2019-20
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We are pleased to share our 31st 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:
- PE’s likely performance in an economic downturn
- Changes to PE fund terms and conditions
- Risks to future PE returns
- LPs’ planned responses to climate change
- Criticisms of PE by politicians and the media
- Investors’ co-investment strategies
- Likelihood and desirability of ‘retail’ investment in PE
- Private debt funds – commitments and challenges
- LPs’ level of access to their preferred GPs and funds
- Emerging PE markets
- Returns from – and appetite for – PE
Coller Capital Global Private Equity Barometer
Summer 2019
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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
Coller Capital Global Private Equity Barometer
Winter 2018-19
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We are pleased to share our 29th 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
- Brexit and European PE returns
- Performance of PE in an economic downturn
- Venture capital investments
- Minority/non-control PE funds
- Attractiveness of PE in emerging markets
- The PE industry’s reputation
- Diversity within the PE industry
- PE special accounts
- Attractiveness of PE real assets
- Investments in specific industries
- Turnaround and distressed debt funds
Coller Capital Global Private Equity Barometer
Summer 2018
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We are pleased to share our 28th 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:
- GP selection and fundraising dynamics
- LP performance and remuneration
- The pace of innovation in private equity
- LP investments in GP management companies
- GP-led secondary transactions
- Public-to-private transactions
- Attractiveness of funds-of-funds
- Performance of LPs’ private credit investments
- ESG considerations as investment criteria
Coller Capital Global Private Equity Barometer
Winter 2017-18
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We are pleased to share our 27th 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
- LP's access to their favoured PE Funds
- Specialist GPs vs multi-product platforms
- Use of artificial intelligence in PE
- Women in PE
- Debt financing in buyout markets
- Co-investments and direct investing
- PE in China
- PE vis-à-vis systemic risks to the financial system
Coller Capital Global Private Equity Barometer
Summer 2017
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We are pleased to share our 26th Coller Capital Global Private Equity Barometer and its associated press release. Coller'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:
- Cybersecurity risks
- Returns from, and appetite for,
- PE Risks to future PE returns
- Opportunities for LPs from organisational change
- Investment opportunities in fintech and blockchain
- PE energy investment strategies
- Areas of focus for PE credit investments
- Opportunities in Japanese PE
Coller Capital Global Private Equity Barometer
Winter 2016-17
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We are pleased to share with you, the 25th Global Private Equity Barometer, and its associated press release. Topics in this edition of the Barometer include investors' views and plans regarding:
- The likely impact of Brexit on Europe and European PE
- LP investments in GP management companies
- Returns from, and appetite for, PE
- Long-term outlook for hedge funds
- Fund restructurings
- Recruitment within LPs' PE teams
- Co-investing economics
- ESG as a determinant of new fund commitments
- Attractiveness of emerging PE markets
Coller Capital Global Private Equity Barometer
Summer 2016
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- Returns from, and appetite for, PE
- Volatility in global markets
- Growth in ‘shadow capital’ within PE
- LP access to target GPs
- GP differentiation in various areas of PE
- PE commitments in emerging markets
- Implications of GPs’ dry powder reserves
- Performance of co-investments
- Fees and deal-by-deal carry
- PE’s public reputation
- LPs’ remuneration
Coller Capital Global Private Equity Barometer
Winter 2015-16
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- Returns from, and appetite for, PE
- Challenges faced when making co-investments
- Direct investments
- Risks to PE performance
- Impact of a possible Brexit on the performance of European PE
- The rise of special accounts
- The importance of corporate brand for PE firms
- Factors influencing LP decisions to commit to debut funds
- Emerging market PE exposure
- The outlook for PE in China
- Appetite for private debt
Coller Capital Global Private Equity Barometer
Summer 2015
Coller Capital Global Private Equity Barometer
Winter 2014-15
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- Returns from, and appetite for, PE
- Hedge fund commitments
- Investments in real assets
- The impact of new regulation on financial markets
- Direct investments
- DC pension schemes as a source of funding
- Gender diversity and PE returns
- Venture capital
- The debt markets
- The European economy
- The exit environment
Coller Capital Global Private Equity Barometer
Summer 2014
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- LPs’ returns & appetite for PE
- LPs’ willingness to back GPs on a deal-by-deal basis
- Fund terms & conditions
- GPs’ first-time funds
- Canadian vs US pension plans
- Attractive countries in Europe for PE
- Impact of AIFM Directive
- The debt markets
- Asia-Pacific PE market
- The secondaries market
- Venture capital & crowd-funding
Coller Capital Global Private Equity Barometer
Winter 2013-14
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- PE as an asset class after the financial crisis
- Return expectations & appetite for PE
- The risk of private vs public equity
- The appropriate level of hurdle rates
- The LP workplace
- Expectations for capital calls & distributions
- Direct investments & co-investing by LPs
- The secondaries market
- Regional PE markets
- Venture capital & innovation
- The debt markets
Coller Capital Global Private Equity Barometer
Summer 2013
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- LPs’ returns & appetite for PE
- Overhang of PE commitments & the effects
- of ageing dry powder
- Carried interest
- Operational improvement by GPs
- Deployment of cash on corporate balance sheets
- Attractive areas for GP investment
- Publicly quoted GPs
- Appetite for large buyouts
- Covenant-lite LBO debt
- Appetite for debt funds
- PE markets in Asia-Pacific, Europe and the MENA region
Coller Capital Global Private Equity Barometer
Winter 2012-13
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- The effect of performance-related pay on LPs’ portfolio returns
- LPs’ willingness to back GPs on a deal-by-deal basis
- LPs’ return expectations & appetite for PE
- Demand and supply in global PE markets
- LPs’ plans for their number of GPs
- Fundraising & due diligence since the crash
- Most attractive areas for GP investment
- LPs’ expectations on distributions
- The IPO market
- The debt markets
- Asia-Pacific PE market
Coller Capital Global Private Equity Barometer
Summer 2012
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- LP appetite for PE
- LPs’ VC returns from different regions
- The PE industry’s public reputation
- Separate accounts for individual LPs
- The exit environment
- Direct investments and co-investing by LPs
- Corporate venturing
- The secondaries market
- Impact of ESG principles on LP investment decisions
- Distressed debt
- Asia-Pacific PE market
- GPs’ transparency & risk management
- The global economic outlook
Coller Capital Global Private Equity Barometer
Winter 2011-12
Coller Capital Global Private Equity Barometer
Summer 2011
Coller Capital Global Private Equity Barometer
Winter 2010-11
Coller Capital Global Private Equity Barometer
Summer 2010
Coller Capital Global Private Equity Barometer
Winter 2009-10
Coller Capital Global Private Equity Barometer
Summer 2009
Coller Capital Global Private Equity Barometer
Winter 2008-09
Coller Capital Global Private Equity Barometer
Summer 2008
Coller Capital Global Private Equity Barometer
Winter 2007-08
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- Investors’ reactions to the recent PE controversy
- LPs’ returns expectations & appetite for PE
- Pace of GP investment in the short-term
- Emerging PE markets
- Direct investment by LPs
- First-time GPs
- Fund terms & conditions
- Obstacles facing European venture capital
- Attractive areas for GP investment globally
Coller Capital Global Private Equity Barometer
Summer 2007
Coller Capital Global Private Equity Barometer
Winter 2006-07
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- LP appetite for private equity and alternative assets
- Returns from private equity
- Factors important to LP success
- LPs’ willingness to ‘re-up’
- Environment for private equity
- Attractive areas for GP investment
- Take-privates
- Exit environment for GPs
- Distributions
- Initial Public Offerings (IPOs)
- GP investment pace
Coller Capital Global Private Equity Barometer
Summer 2006
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- LP appetite for PE and alternative assets
- Number of PE funds in LPs’ portfolios
- Returns from private equity
- Satisfaction with private equity performance
- Attractive areas for GP investment
- Buyout leverage multiples
- ‘Take-privates’ of quoted companies
- LPs’ willingness to ‘re-up’ with their current GPs
- Secondaries market
- Placement agents
- First-time funds
- Direct investment by LPs
Coller Capital Global Private Equity Barometer
Winter 2005-06
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- Appetite for alternative assets
- Appetite for private equity and hedge funds
- Satisfaction with private equity performance
- Distributions
- GP investment pace
- LPs’ 3-5 year return expectations
- LPs’ willingness to re-invest
- LP plans for new GP relationships
- Access to GP funds
- LP concerns in the current fundraising environment
- LP investment in European VC
- Private equity in emerging markets
- The attractiveness of specific emerging markets
- Hedge funds investing in the private equity arena