In an increasingly challenging investment environment, limited
partners are focusing more on market risk profiles to drive
improved investments, say Intertrust's Paul Lawrence and James
Ferguson.
Private equity managers are under pressure. Globally, their
share of the M&A market continues to shrink in the face of
competition from corporates and they face increased competition
from a record number of other general partners in a crowded market.
At the end of 2017, dry powder stood at a towering $1.7 trillion
across all private capital asset classes. And at an average of
11.2x, multiples are sky-high. Paul Lawrence, global head of fund
services at Intertrust Group, and James Ferguson, managing director
Intertrust Americas, describe how GPs are seeking to mitigate risk
and generate maximum returns in a challenging investment
environment.
