Mise à jour 20/05/2021

A Global View on the Challenges & Opportunities in Private Markets

Image
A Global View on the Challenges & Opportunities in Private Markets

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

À lire aussi

Vignette
Tribune_RSE_SF1_vignette

16/06/2021 - TRIBUNE

NFRD, CFRD, SFRD, Taxonomie … kesako ?

7 min

Vignette
identite_VM_vignette

02/06/2021 - TRIBUNE

Une nouvelle identité pour une nouvelle ambition

4 min

Vignette
Agir pour le climat : ce que les investisseurs peuvent faire, par Matthieu Baret

25/05/2021 - TRIBUNE

Agir pour le climat : ce que les investisseurs peuvent faire

4 min

Image
performance.jpg

28/04/2021 - TRIBUNE

The Reason Why

2 min

Image
camilo-jimenez-vGu08RYjO-s-unsplash.jpg

07/04/2021 - TRIBUNE

Digital health: accelerating innovation and investment

6 min

Vignette
The moment for private equity is now_2

23/03/2021 - TRIBUNE

The moment for private equity is now

4 min

Vignette
International Womens' Day

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

Vignette
O+_2

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
Sista_entrepreneur_femmes

16/12/2019 - TRIBUNE

Encourager l’entreprenariat au féminin : 5 conseils pour réussir sa levée de fonds

5 min

Vignette
private capital

15/08/2019 - TRIBUNE

The evolution of a global diversified private capital investment firm

5 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

4 min

Vignette
Retail

30/01/2019 - TRIBUNE

How Private Equity Is Driving Change in Retail

4 min