NYPPEX CEO Allen: Private Equity Funds to Seek Joint Ventures to Offset Slowdown in Exits
NEW YORK, Sept. 22, 2022 /PRNewswire/ --NYPPEX Holdings, one of the world's leading providers of secondary private equity liquidity and data, today announced its projection that general partners in private equity funds will seek joint ventures for their older funds to offset the slowdown in exits.
- NEW YORK, Sept. 22, 2022 /PRNewswire/ --NYPPEX Holdings, one of the world's leading providers of secondary private equity liquidity and data, today announced its projection that general partners in private equity funds will seek joint ventures for their older funds to offset the slowdown in exits.
- "As the US Fed continues to raise interest rates and unrealized value in private equity funds remains historically high, expect a challenging exit environment in 2023," states Laurence Allen, CEO of NYPPEX.
- Given the current market environment, NYPPEX believes private investment holding periods may lengthen by 2 years or more for many private equity, venture and real estate funds worldwide.
- Since 1999, he has been a pioneer in the development of secondary markets in private equity funds and private companies.