Q1 2023: Bank runs, fund home runs and markets come undone

Funds editor Harriet Matthews is joined by Unquote’s reporters,
who share their insights from their conversations with market
practitioners, backed by preliminary statistics from Unquote
Data.


According to preliminary figures on buyout activity from Unquote
Data, Q1 2023 saw dealmaking fall to its lowest point in more
than a decade.


Meanwhile, although the overall amount raised by buyout and
generalist GPs in this quarter held up well year-on-year, the
actual number of closes is also down, with large swathes of
capital scooped up by large fundraises.


Against this backdrop, sponsors are having to manage their own
liquidity issues, be it at management company or portfolio level.
Meanwhile, venture capital and growth investors are grappling
with an uncertain market, with practitioners on the look out for
bright spots amid an overall slowdown.


0:58 – Preliminary Q1 figures from Unquote Data


4:28 – Liquidity issues with Rachel Lewis


11:48 – GP-led secondaries with Min Ho


20:49 – Venture and growth activity with Ero Partsakoulaki


Theme music: 2012 Kick Up The Fire