Market Update: Valuation Expectations
There is currently a gap in business valuations between sellers and buyers in the market, according to Chris Smyth, Americas Private Equity Sector Leader, EY. In this NAIC Market Update, Smyth, responsible for leading EY’s private equity professionals in 31 countries in the Americas, notes that inflationary pressures, rising interest rates and other macroeconomic issues […]
Market Update: Bullish on Private Equity
Private equity remains an attractive asset class, says Chris Smyth, Americas Private Equity Sector Leader, EY. In this NAIC Market Update, Smyth, responsible for leading EY’s private equity professionals in 31 countries in the Americas, cites differential returns and the building out of attractive diversified platforms by PE firms for his bullishness. However, institutional investors […]
Market Update: Deal Values are Still Strong
Deal values may be down in 2022 but remain strong, particularly considering 2021 was a historic year for valuations in PE – reaching $1 trillion in total value for the first time, says Chris Smyth, Americas Private Equity Sector Leader, EY. In this NAIC Market Update, Smyth, responsible for leading EY’s private equity professionals in […]
Market Update: A Great Time for Secondaries
Corrections in the public markets have resulted in attractive valuations with great companies entering the secondary market at attractive discounts, says Howard Sanders, Founder and Managing Director of Auldbrass Partners. In this NAIC Market Update video, Sanders discusses the contributing factors to the attractiveness of secondary investments, including a slowdown in M&A activity and reasonably […]
NAIC Market Update: Pay Programs: What to Be Aware of Before Taking a Portfolio Company Public
With unusually high valuations comes a greater number of sponsors taking companies public. While these exits are often lucrative for investors, they also lead to significant changes for a portfolio company’s pay programs and corporate governance. It also marks the first time a company’s compensation programs, practices, and decisions are made public through SEC filings. […]