Private Markets Resource Library
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White Paper | January 2025
Private Equity and Rates, Part II: Do Rates Really Matter for Private Equity?
- As the Federal Reserve embarks on a new rate cut cycle, we explore the long-term relationship between interest rates and private equity performance.
White Paper | January 2025
Private Equity and Rates, Part I: The Theoretical Framework
- Why we think declining rates should raise private equity valuations, and help unblock deal activity and fund distributions.
White Paper | January 2025
Navigating Private Credit’s Next Act
- As the private credit market rapidly evolves, we believe investors should consider a more flexible and specialized allocation approach.
Video | January 2025
Comparing Evergreen and Traditional Fund Returns
- As the landscape of private equity investing continues to evolve, evergreen funds have emerged as a compelling alternative to traditional funds.
Article | December 2024
Buyouts Secondaries Roundtable: This is Not a Market Moment
- In a roundtable discussion conducted by Buyouts, Boriana Karastoyanova evaluates the continued demand for capital solutions in the secondaries market, as both GPs and LPs navigate a shifting market backdrop.
Article | December 2024
The Opportunities Across Private Equity’s Current Liquidity Landscape
- There are attractive opportunities for experienced liquidity providers in the current private equity market environment.
Article | November 2024
Neuberger Berman Private Markets: Q3 2024 Preliminary Valuation Summary & Analysis
- Doug Manor, Managing Director, Neuberger Berman Private Markets, provides an overview of private equity markets and an outlook based on trends in the marketplace.
Article | November 2024
Key Implications of Trump 2.0 for Private Equity
- While the policies and implications of Trump 2.0 are difficult to predict, we remain optimistic about private equity’s ability to navigate change in a dynamic environment and potentially deliver attractive risk-adjusted returns.
Disruptive Forces in Investing | November 2024
Private Real Estate: From Uncertainty to Opportunity
- (18:08) Learn more about opportunities and challenges in the Private Real Estate space
Disruptive Forces in Investing | October 2024
Private Debt: The Appeal, The Fears & The Facts
- (22:21) Whether you are a seasoned investor or new to the world of Private Debt, this episode offers valuable perspectives on navigating the dynamic asset class.
White Paper | September 2024
Comparing Evergreen and Traditional Fund Returns
- As the landscape of private equity investing continues to evolve, evergreen funds have emerged as a compelling alternative to traditional funds.
Article | September 2024
Buyouts Keynote Interview: Private equity for all
- In a keynote interview conducted by Buyouts, Peter von Lehe discusses how the democratization of private equity is about expanding access to the asset class by solving the structural and operational barriers to investing.
Video | August 2024
Neuberger Berman Private Markets: Q2 2024 Preliminary Valuation Summary & Analysis
- Doug Manor, Managing Director, Neuberger Berman Private Markets, provides an overview of private equity markets and an outlook based on trends in the marketplace.
Article | August 2024
Private Debt: Few Facts Behind the Fears
- Despite a rising tide of negative media coverage, we believe that private debt still has tremendous potential to deliver attractive risk-adjusted returns for investors.
Article | August 2024
Tier One Interview: Susan Kasser
- In conversation with Jay Judas, CEO of Tier One, Susan Kasser, Head of Private Debt, discusses the ins and outs of private debt, why PPLI and private debt pair well together, and more.
Article | July 2024
Asia Private Equity: Riding the ‘Three Locomotives’
- Broadly diversified economies and a limited private equity presence appear to be enhancing regional opportunities for private capital.
Disruptive Forces in Investing | July 2024
Disruptive Investments Within Disruptive Regulations
- (18:22) Ian Haas discusses opportunities, risks, and new regulations in the banking sector.
White Paper | June 2024
Private Equity and the Polls
- Have U.S. elections had any effect on private equity performance?
White Paper | June 2024
Specialty Finance: High-Yielding, Short-Duration and Uncorrelated Private Credit
- The underlying assets, bespoke structuring and market dynamics of Specialty Finance can complement a traditional private debt strategy.
Article | June 2024
Buyouts Keynote Interview: Motivated Sellers Create Buyers’ Market
- Liquidity challenges seem to be fueling secondaries dealflow…
CIO Weekly Perspectives | June 2024
It All Rests on Infrastructure
- We see the asset class underpinning several key growth megatrends, but also the return of “big government” and its pursuit of security and protectionism.
Video | May 2024
Neuberger Berman Private Markets: Q1 2024 Preliminary Valuation Summary & Analysis
- Doug Manor, Managing Director, Neuberger Berman Private Markets, provides an overview of private equity markets and an outlook based on trends in the marketplace.
Article | April 2024
PEI Keynote Interview: Private Markets in Japan Continue to Accelerate
- In a keynote interview conducted by PEI, Jonathan Shofet and Yoshi Yagisawa discuss how active primary fund investing and increasing LP appetite for co-investments, secondaries, and direct lending are indicative of Japan’s maturing private market landscape.
Article | March 2024
Opportunity in the Undercapitalized World of Private Equity Secondaries
- While an increasing volume of GP-led transactions is being brought to the market, there is an acute shortage of capital—providing an attractive and likely lasting opportunity for experienced investors.
Article | March 2024
Neuberger Berman Private Markets Q4 2023 Preliminary Valuation Summary and Analysis
- Doug Manor, Managing Director, Neuberger Berman Private Markets, provides an overview of private equity markets and an outlook based on trends in the marketplace.
Disruptive Forces in Investing | March 2024
When Specialty Finance Meets Silicon Valley Innovation
- (19:55) As the opportunity set for alternative credit solutions continues to expand, we learn more about what innovations are happening in Specialty Finance today.
Article | February 2024
Real Estate Secondaries: A Discount to What?
- Finding opportunity in a period of falling valuations
Article | February 2024
A Perspective on Private Equity NAV Loans
- Net Asset Value loans have captured popular interest across the Private Equity universe.
White Paper | February 2024
Private Credit Is Gaining Steam—Where Do We Go From Here?
- A vast menu of private credit arrangements now finance nearly every aspect of the real economy.
Article | February 2024
Access for All
- “The democratisation of private equity is about broadening access to the asset class, both in terms of who can invest and the ways in which they do so”
Article | February 2024
Private Equity Outlook - 2024
- Going into 2024, we believe the record-high dry powder reserves suggest potential for significant PE activity as values slowly recover and conditions improve…
Disruptive Forces in Investing | January 2024
A New Era for Private Credit
- (15:12) Will the private credit bubble burst, or is it the dawn of a lasting investment trend?
Video | December 2023
Navigating Value Creation in Private Equity
- Private equity managers have several levers they can pull to create value, but which are the most effective today, and what does that mean for investors?
Video | November 2023
Neuberger Berman Private Markets: Q3 2023 Preliminary Valuation Summary & Analysis
- (7:54) Doug Manor, Managing Director, Neuberger Berman Private Markets, provides an overview of private equity markets and an outlook based on trends in the marketplace.
Article | November 2023
Navigating Value Creation in Private Equity
- Private equity managers have several levers they can pull to create value, but which are the most effective today, and what does that mean for investors?
CIO Weekly Perspectives | October 2023
The Case for Co-investments
- Scarcity of co-investment capital could be creating a window of opportunity.
Article | October 2023
Private Markets Update
- Private equity performance has thus far held up well in 2023 as the market landscape shifted and key trends emerged across the phases of the private equity cycle: fundraising, deal activity, debt financing and exit opportunities.
Disruptive Forces in Investing | October 2023
A Force to Be Reckoned With
- (22:41) As we mark our 100th episode, we explore the disruptions facing our industry at large.
Asset Allocation Committee Outlook | October 2023
Higher for Longer, Longer the Stronger
- “Savings depletion and weakness among small-cap and regional bank stocks suggest that the U.S. economy may not be as strong as it seems.”
Article | October 2023
Mid-Life Opportunities
- We believe sponsors are increasingly looking for co-investment partners to support growth ambitions in existing portfolio companies or to generate liquidity.
CIO Weekly Perspectives | October 2023
Opportunity in the Private Equity Liquidity Squeeze
- Why we think macro uncertainty and the private equity liquidity squeeze are making secondary market conditions particularly favorable for targeted buyers.
Article | September 2023
How Asset Selection Drives Deals
- Intelligent asset selection is crucial in periods of volatility. GP-led secondaries provide the perfect opportunity to hand-pick the very best.
Video | August 2023
Neuberger Berman Private Markets: Q2 2023 Preliminary Valuation Summary & Analysis
- (8:10) Doug Manor, Managing Director, Neuberger Berman Private Markets, provides an overview of private equity markets and an outlook based on trends in the marketplace.
Asset Allocation Committee Outlook | July 2023
Engine Running, Shifting to Neutral
- In the face of conflicting signals from our short- and medium-term outlooks, our Asset Allocation Committee is adopting more neutral views.
Equity Market Outlook | June 2023
Economic and Market Review: Long-Term Optimism Amid Short-Term Headwinds
- While the rally in mega-cap growth stocks has helped delay the next downturn, we reaffirm our emphasis on low-beta portfolios, higher earnings quality and defensive sectors.
Article | June 2023
GP-Led Secondaries: Private Equity’s Most Underserved Market?
- Current macroeconomic and capital market conditions appear to be creating attractive investment opportunities for secondary buyers.
Video | June 2023
Neuberger Berman Private Markets: Q1 2023 Preliminary Valuation Summary & Analysis
- (7:38) Doug Manor, Managing Director, Neuberger Berman Private Markets, provides an overview of private equity markets and an outlook based on trends in the marketplace.
CIO Weekly Perspectives | June 2023
Private Equity Valuations Withstand the Volatility of 2022
- We see valuation data from more than 400 funds each quarter, and it suggests the recovery from a relatively shallow downturn may be underway for buyout funds.
Article | May 2023
Private Markets in Volatile Times
- Recent market turbulence provides yet another example of how private equity managers have improved their ability to weather volatile conditions.
White Paper | May 2023
The Case for Private Credit in Insurance Portfolios
- An ever-expanding menu of private credit strategies can offer insurers the potential for attractive risk-adjusted returns.
Asset Allocation Committee Outlook | April 2023
Paid to Be Patient
- It may be time to plan the journey back to risk, but not yet time to act—peak rates could still be disruptive, and they pay investors for proceeding carefully.
Article | April 2023
SMAs are here to stay among Japanese LPs
- Japanese institutions have continued to utilize separately managed accounts, or SMAs, to gain exposure to private equity.
White Paper | March 2023
Private Credit: An All-Weather Asset Class
- As private-credit markets continue to expand in size, choice and sophistication, we believe they should play an important role in well-diversified investment portfolios.
Disruptive Forces in Investing | February 2023
Natural Catastrophes in Today’s Climate
- (18:40) Hurricane Ian was the most expensive weather disaster in 2022, how could the ILS asset class help mitigate these losses?
Disruptive Forces in Investing | January 2023
Navigating Secondaries Amid Choppy Markets
- (23:37) As we continue to provide insight into diversifiers across all asset classes, we explore how Private Equity Secondaries have evolved since 2020, and what could be ahead for the asset class.
Article | December 2022
Undercapitalization Slows Secondaries Activity
- While LPs and GPs cry out for liquidity, secondary funds are unable to recapitalize quickly, creating pent-up demand that bodes well for the future.
Article | December 2022
Broadening Access to Private Equity
- In a recent conversation with Private Equity International, Managing Directors Maura Reilly Kennedy, Peter von Lehe, and Jose Luis Gonzalez Pastor discuss newer solutions available to individual investors to access private equity and important considerations for both individuals and managers
Article | December 2022
Private Equity in the Economic Headwinds
- Against the current economic headwinds, concerns about sourcing, financing, managing and selling private equity assets are understandable—but might these concerns be obscuring the underlying resilience of the asset class?
White Paper | December 2022
The Rise of GP-Led Secondaries
- As private equity investors scramble for liquidity in this volatile climate, more general partners are orchestrating transactions in the secondary market.
Disruptive Forces in Investing | October 2022
Building on Infrastructure Investing
- (12:04) As governments seem to be finally getting serious about infrastructure spending, we explore some considerations of investing in this space.