All Private Equity articles – Page 2
-
White papersDC Members Are Backing Britain—But Not at Any Price
As the UK government seeks to enlist pension savers’ capital for productive investment in the UK economy, our latest YouGov research suggests defined contribution (DC) savers are open to the idea in principle—but that support is sensitive to potential trade-offs in returns.
-
White papersPrivate markets: The Red Thread – Alternatives, mid-year edition 2026
Active portfolio management in uncertain times
-
White papersPrivate equity: The Red Thread – Alternatives, mid-year edition 2026
Private equity returns had a strong quarter, with steady fundamental performance during a turbulent 1H26 that contained several surprises. Artificial intelligence (AI) fears weighed on software valuations in private equity (PE) portfolios, as funds scrambled to assess the threat of AI to business models. Public software valuations continue to face pressure in AI‑exposed segments, although the market is becoming more perceptive to business model differences. This repricing in public markets increases the risk of delayed spillover effects on private software valuations.
-
VideoNeuberger Private Markets: Q1 2026 Preliminary Valuation Summary & Analysis
Doug Manor, Managing Director, Neuberger Private Markets, provides an overview of private equity markets and an outlook based on trends in the marketplace.
-
White papersPutting Direct Lending in Context
Private credit is drawing increased attention, but not all strategies behave the same. Traditional middle market direct lending is best understood by looking beyond headlines to underlying fundamentals—an approach that helps explain its continued role in long‑term portfolios.
-
PodcastCapital Solutions: A Flexible Response to Private Equity’s Exit Problem
Private credit headlines have been anxiety-inducing — but not all corners of private markets face the same pressures. Roughly $4 trillion in equity investments remain inside private equity funds awaiting exits…
-
White papersThe Case for Evergreen Funds in a Portfolio
Evergreen private equity funds offer institutional and wealth investors a streamlined alternative to traditional drawdown structures — eliminating the j-curve, enabling immediate capital deployment, vintage diversification, and operational simplicity…
-
White papersWhy private equity matters: The case for PE
Most portfolios are built around public markets, but most U.S. businesses are privately held and only accessible through private equity. In the latest edition of “The Lead,” Churchill Asset Management’s Randy Schwimmer makes a compelling case for why private equity deserves a place in private wealth portfolios, from its potential to reduce volatility to its historically stronger returns over full market cycles. Explore the full newsletter to see what the opportunity looks like.
-
White papersPrivate markets offer financing solutions during periods of geopolitical transition
Private markets have long financed infrastructure, but their role may be becoming more important as geopolitical transition reshapes global priorities. As countries place greater value on strategic physical assets, private capital is likely to play an increasingly important role in funding critical infrastructure and other public goods.
-
White papersThe convergence of public and private markets – a three-part full-picture perspective
Companies and issuers now operate in a capital landscape where public and private markets are continually intersecting. Across equity and debt, the traditional paradigms are breaking down, with participants more actively evaluating a range of financing options. We believe that the primary driver for this change is access to a much larger toolkit, requiring a more nuanced decision matrix. This involves weighing not only the cost of capital, but also considerations of flexibility, governance, and long-term strategic needs, among many other factors.
-
White papersWhy private equity matters: Navigating the PE capital structure
Private equity is not a single investment, it is a spectrum, and knowing where each strategy sits in the capital structure can make all the difference in matching clients to the right risk and return profile. In this installment of The Lead Left, Churchill’s Randy Schwimmer walks through the full landscape of leveraged buyout investing, from senior secured direct lending to lower middle market equity, giving financial professionals a clear and practical framework for client conversations about private capital. If you’re helping clients navigate alternatives exposure, this is a useful place to start. Explore the full piece here.
-
White papersManaging and executing innovation in asset management
A Q&A with Mark Versey, CEO of Aviva Investors, and Alastair Sewell, Senior Investment Director
-
White papersPrivate credit’s origination divide
In private credit, how a manager sources and selects deals matters far more than market momentum, and that distinction is becoming increasingly consequential as the asset class matures under real macro pressure. In this installment of The Lead Left, Churchill’s Randy Schwimmer makes the case for why deal origination discipline, liquidity transparency, and investor education are now the defining factors separating quality private credit managers from the rest. Explore the full insights here.
-
White papersInfrastructure outsourcing: Unlocking returns via scaled leasing
Infrastructure operators are increasingly separating ownership from operations to enhance flexibility and support long-term growth, unlocking attractive opportunities for institutional investors in scaled infrastructure leasing platforms.
-
White papersPrivate Markets Outlook 1H 2026: Balancing Opportunity and Complexity
As private markets continue to evolve, investors face an expanding range of opportunities and risks.
-
White papersPrivate assets: a new return architecture
In the 2010s, private equity returns were largely driven by multiple expansion and financial leverage — both of which are likely to be structurally impaired going forward. The 2026–2035 decade requires a return architecture to be built on several pillars: income yield (contractual coupons, regulated returns, rental income), real earnings and cash flow growth (operational value creation, sector tailwinds), and selective illiquidity and complexity premia over liquid equivalents.
-
White papersWhy private equity matters: From financial engineering to building better businesses
Private equity has a richer and more instructive history than most clients realize, and understanding that history changes how they think about the asset class today. In this installment of The Lead Left, Churchill’s Randy Schwimmer traces private equity’s evolution from family-funded deals before World War II through the leveraged buyout era to today’s operationally driven approach, and explains why that journey matters for evaluating managers in the current environment. If you’re building client confidence in private equity allocations, this is a compelling place to start. Explore the full piece here.
-
White papersEQuilibrium 2026 Global Institutional Investor Survey
Eight hundred institutional investors. One clear message: the rules of portfolio construction are being rewritten. Nuveen’s 2026 EQuilibrium survey reveals how institutions worldwide are responding to deglobalization, expanding their private market allocations and approaching AI with measured conviction. All while keeping a firm eye on long-term stability. Explore the full survey to see what your peers are doing and what it could mean for your own strategy.
-
White papersThe relationship advantage of middle market credit
Not all private credit is created equal, and right now that distinction matters more than ever. In the latest installment of The Lead Left, Churchill’s Randy Schwimmer breaks down why the middle market’s relationship-driven structure offers a fundamentally different risk and return profile than upper market lending, and what rising PIK loans, non-accruals, and sector concentration signals mean for manager selection today. Explore the full insights here.
-
VideoVenture Capital Roundtable (2/3): How investors are identifying quality in a crowded market
With more companies and capital competing for attention, identifying true quality is increasingly complex. Part 2 of the venture capital roundtable series, our investors share how they cut through the noise to find differentiated opportunities.
