Core Insights - The report indicates that despite market uncertainties, private equity firms remain optimistic, focusing on operational value creation as a key strategy for success in the coming years [1][5]. Investment Trends - Most institutions manage portfolios with up to 20 companies, typically valued below $500 million, with an average investment size of under $50 million, reflecting a preference for manageable projects [2][28]. - Financial services (51%) and technology & telecommunications (47%) are the primary sectors of interest, with a specific focus on scalable sub-sectors like fintech [2][32]. - Mid-market transactions are gaining attention, with a notable shift towards add-on deals in the U.S. market, while platform deals have decreased due to a challenging financing environment [2][28]. Market Challenges and Regional Differences - Market volatility is perceived as the biggest challenge by 60% of respondents, followed by geopolitical uncertainty (45%) and operational complexity (32%) [3][51]. - North America and Asia-Pacific exhibit more optimism for 2025, while Europe shows caution due to economic pressures [3][53]. - Geopolitical factors, including the Russia-Ukraine conflict and U.S.-China tensions, are leading firms to diversify supply chains and approach cross-border investments with caution [3][57]. Portfolio Performance and Value Creation - North American firms report the highest internal rate of return (IRR), with 51% achieving over 30% IRR, while minority active investors express the highest satisfaction [4][19]. - A significant 53% of firms prioritize talent selection, and 48% focus on KPI tracking to enhance portfolio performance [4][19]. - The trend of extending holding periods for portfolios is prevalent, with 54% of firms opting to prolong fund lifecycles to address liquidity challenges [4][19]. 2025 Outlook - Despite global economic uncertainties, firms in North America and Asia-Pacific maintain confidence in transaction activity and portfolio growth, while European firms are more cautious [5][53]. - The ability to adapt strategies and focus on operational value creation will be crucial for firms to remain competitive in a changing market landscape [5][56].
2025年全球私募股权报告:把握市场变革浪潮(英文版)-富睿玛泽
Sou Hu Cai Jing·2025-07-26 03:31