Against a background of historically high asset valuations, Private Equity buyout firms have amassed record levels of dry powder and critics question their ability to keep delivering a performance premium against listed equities. Yet, the value creation playbook of PE managers continues to evolve and there is no shortage of attractive deal opportunities. In an industry characterised by a wide dispersion of returns, managers and investors able to combine accurate asset selection, prudent portfolio construction and behavioural discipline may continue to deliver superior risk-adjusted returns.
We are pleased to host Andrea Millioni who with the support of a case study from the 2007 vintage, will explore some features and challenges of PE investingto share some thoughts about Private Equity Investing:
• PE as an asset class: industry trends, sources of value creation and performance against public markets,
• Perspectives on key success factors in PE investing: selection and diversification, and
• Presentation of a Case study about PE investing at a time that turned out to be very late in the cycle (May 2007)
The presentation will be followed by a networking cocktail.