21
May
Panel: Financing and fundraising in Europe
Although European buyout funds raised a historically impressive EUR 220bn in 2023, more than a third of this total was taken up by just four funds, and fundraising is continuing to be challenging due to tight liquidity amid low levels of distributions to LPs from exits. Meanwhile, sponsors are having to adjust to a much higher cost of capital on the debt side. With both equity and debt dynamics changing, our panellists will share their views on what this means for private equity dealmaking and fundraising.
- What tools are available to sponsors to finance deals?
- How can sponsors secure their capital structures in this environment?
- How can sponsors get fundraises over the line in a tough market?
- Is the private equity industry able to adjust to “higher for longer” interest rates?
- What does all of this mean for the future of PE deal returns?
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SpeakersImogen Richards Partner, Head of European Primaries Pantheon
Stefano Manna Head of GP Advisory Investec
Gabrielle Joseph Head of Due Diligence and Client Development Rede Partners
Harriet Matthews Funds Editor MERGERMARKET
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Stefano Manna has over 12 years of experience in the private equity industry.
Before joining Investec, he was a Director in the GP Advisory group at Eaton Partners, where he was responsible for the sourcing, structuring, and execution of the secondary transaction mandates in the EMEA region. Previously, Stefano was at Cebile Capital (now part of Raymond James) and Greenhill, specialising in private market secondary advisory. Before that, he was on the buy side at Advanced Capital SGR, a leading alternative asset and fund-of-funds manager, now part of Capital Dynamics.
He also has M&A experience from previous experiences at Palladio Finanziaria and Rabobank.