Updated 06/03/2023

A Global View on the Challenges & Opportunities in Private Markets

Image
Tribune Virginie Morgon
10/11/2020 - 3 mins

I recently had the pleasure of speaking with a group of fellow industry experts in a virtual Milken Institute panel on Private Markets: Challenges and Opportunities, where we discussed the difficulties and bright spots that this year’s constantly changing landscape has brought. This topic is of utmost importance as we continue to adapt to the new business environment as a result of Covid-19.

I see 2020 as a year marked by polarization, both in the performance of sectors and of global markets. This polarization has offered significant insights into our future deal flow. First, the success that some sectors have seen, such as the astronomic success of big tech companies, is a stark comparison to the ongoing struggle of some heavily impacted sectors, such as travel and leisure. As investors who believe in the long-term viability of sectors that we know well, we’re balancing the medium-term opportunities to grow our investments in technology or digital-native companies with the long-term focus on supporting companies in struggling sectors. We believe that they will rebound and, we will continue to be a long-term partner for management teams that have global ambitions.

Geographic polarization has led to a division among the financial health of many leading nations. For example, compare China’s projected single-digit GDP growth to the negative GDP growth of many other countries. For our investment companies, China has always been a strong driver of growth and we will continue to support their foothold in this critical market.

When one considers these issues from a deal making perspective, I am encouraged by our approach—one rooted in the diversification of geographies, industries, and talent. This diversification means that while our presence in the APAC region adds to the bottom line or our investments in the technology sector have produced positive returns, there is an opportunity for us to engage with and grow in the areas or verticals that have been hit harder by the past seven months. We firmly believe that such sectors, such as travel and leisure, will rebound over time, and that there is ample room for expansion and partnership. It is part of Eurazeo’s DNA to make bold decisions, which have benefitted us in the past.

More than anything else, however, 2020 has proven the need for leaders across the globe to be flexible. We’ve been tested in a time of heightened complexity we could have never predicted. In April, many of us expected the world to return to normal in October. Now, here we are in October, and we cautiously hope that the situation improves by January. If 2020 has proved nothing else, it has demonstrated the need for investors to be quick on our feet and adaptable, while still being driven by the engine that is opportunity.

Thank you to my fellow panelists and friends Scott Kleinman of Apollo, Raymond Svider of BC Partners, and David Tayeh of Investcorp, as well as moderator Erik Schatzker of Bloomberg TV, for a riveting conversation on vitally important topics.

Read on LinkedIn

Blocs de la page

Latest news

Vignette
Eurazeoviews2-Flak-Teisseire

19/09/2023 - TRIBUNE

The era of the adaptation economy, and the need for a common ESG benchmark

4 min

Vignette
Eurazeoviews2-Girard-morin

19/09/2023 - TRIBUNE

Making the most of ESG reporting

4 min

Vignette
Eurazeoviews-lambry-makaya

19/09/2023 - TRIBUNE

Towards a cleaner, more sustainable shipping industry

3 min

Vignette
Eurazeoviews2-Mombert-Sesboue-Meignen

19/09/2023 - TRIBUNE

A promising future for Tech M&A

5 min

Vignette
Eurazeoviews2-Cohen Devillard

19/09/2023 - TRIBUNE

Decarbonising cities: the New Electricity Era

6 min

Vignette
Eurazeoviews2-Ordi-Cassam-Lariviere-Zins

19/09/2023 - TRIBUNE

The revolution in the healthcare sector

5 min

Vignette
Eurazeoviews Doat Bertay Debock

19/09/2023 - TRIBUNE

Responsibly addressing the opportunities of Gen AI

5 min

Vignette
Eurazeoviews-agathe-bubbe

19/09/2023 - TRIBUNE

Democratization of private equity: the way forward

4 min

Vignette
visuel Virginie Morgon

25/01/2023 - TRIBUNE

Responsible investing – a powerful tool for better growth

6 min

Vignette
visuel Eurazeoviews

26/01/2023 - TRIBUNE

Europe’s sustainable tech sector draws intense investor interest

3 min

Image
Christophe Bavière Tribune

26/01/2023 - TRIBUNE

After the euphoria: Eurazeo's strengths in a challenging market

5 min

Vignette
Eurazeo views tribune décarbonisation

26/01/2023 - TRIBUNE

Why is Europe ahead in decarbonizing the economy?

5 min

Vignette
Eurazeo views brands

26/01/2023 - TRIBUNE

Brands’ social and environmental responsibility: illusion or reality?

5 min

Vignette
Eurazeo views Christophe Simon

26/01/2023 - TRIBUNE

The rise of GP-led transactions

4 min

Vignette
Eurazeo views tribune SMES

26/01/2023 - TRIBUNE

Growth prospects remain intact for European SMEs

4 min

Vignette
Eurazeo views tribune 4

26/01/2023 - TRIBUNE

Private debt: an investment partner even in challenging economic times

4 min

Vignette
Eurazeo views vignette 3

26/01/2023 - TRIBUNE

Biotechs, the ultimate post-pandemic winners?

5 min

Vignette
visuel tribune eurazeo views 1

26/01/2023 - TRIBUNE

European sovereignty: myth or reality?

4 min

Vignette
Tribune Caroline Hadrbolec

16/11/2022 - TRIBUNE

Having a gender-diverse workforce drives business performance

4 min

Image
Image - tribune on democratizing private equity by Virginie Morgon

08/11/2022 - TRIBUNE

The challenge of democratizing private equity

5 min

Vignette
visuel Virginie Morgon

30/09/2022 - TRIBUNE

Financial Markets? The era of private markets platforms

4 min

Image
Tribune Laurent chatelin

22/09/2022 - TRIBUNE

The key role of infrastructure in the environmental transition

4 min

Vignette
Tribune Amandine Ayrem

17/03/2022 - TRIBUNE

Carambar & Co's main CSR commitments

4 min

Vignette
Visuel Sophie Flak

16/06/2021 - TRIBUNE

NFRD, SFDR, Taxonomy... Are There Too Many ESG Regulations?

5 min

Vignette
identite_VM_vignette

02/06/2021 - TRIBUNE

A new brand for a new ambition

4 min

Vignette
Acting For Climate: What Investors Can Do by Matthieu Baret

24/12/2020 - TRIBUNE

Acting for climate: what investors can do

4 min

Vignette
Tribune Caroline Hadrbolec

08/03/2021 - TRIBUNE

Ensuring a truly inclusive work environment is key to developing and retaining women on their way to the top

2 min

Image
Tribune Sophie Flak

28/04/2021 - TRIBUNE

The Reason Why

2 min

Image
visuel Virginie Morgon tribune

07/04/2021 - TRIBUNE

Digital health: accelerating innovation and investment

5 min

Vignette
The moment for private equity is now_2

23/03/2021 - TRIBUNE

The moment for private equity is now

4 min

Vignette
visuel Virginie Morgon

30/09/2020 - TRIBUNE

Introducing Eurazeo’s new CSR program for the next 20 years, O+

3 min

Vignette
Tribune VM

02/09/2020 - TRIBUNE

Stability and Responsiveness in Times of Crisis & Where We Go Next

5 min

Vignette
China

04/06/2020 - TRIBUNE

An Update on China

4 min

Vignette
Tribune_6_solidarity

03/04/2020 - TRIBUNE

Solidarity gives us hope in the face of the COVID-19 pandemic

2 min

Vignette
Tribune Benoist Grossmann

16/12/2019 - TRIBUNE

Encouraging diversity among entrepreneurs: 5 tips for your first fundraising

5 min

Vignette
private capital

15/08/2019 - TRIBUNE

The evolution of a global diversified private capital investment firm

4 min

Vignette
Diversification

23/04/2019 - TRIBUNE

Bold Diversification: A New Standard to Promote Longevity and Prosperity

3 min

Vignette
Private equity

04/03/2019 - TRIBUNE

A Bold Challenge for Private Equity

3 min

Vignette
Retail

30/01/2019 - TRIBUNE

How Private Equity Is Driving Change in Retail

3 min

Information - Individual investors

Eurazeo Investment Manager (EIM) and Eurazeo Mid Cap (EMC) are merging to form Eurazeo Global Investor (EGI)