Amid heightened economic volatility in 2023, Asante saw fundraising headwinds begin to slowly subside. As we reflect on another strong year of progress, our team has analyzed some of the key trends that dominated 2023.
Warren Hibbert, Co-founder and Managing Partner at Asante, recently spoke with the Fund Shack podcast
Warren Hibbert, Co-founder and Managing Partner at Asante, recently spoke with the FundShack podcast and discussed his expectations on emerging private equity trends across the global market, including his outlook on fundraising efforts for the upcoming year.
It’s a tough market for continuation vehicles and other GP-led transactions. Transactions fail to finish, with the two key challenges being pricing falling short of expectations and capital raising falling short of the amount required to underwrite the transaction.
Amid this difficult environment, Asante’s secondaries advisory team has an over 90% success rate in closing transactions in the past 18 months across North America and Europe.
As private equity faces uncertainty worldwide, we expect the next five years to see a marked improvement throughout Europe. With the region’s macroeconomic environment showing signs of stability, we anticipate the European market will emerge with new transaction opportunities.
Fraser van Rensburg, one of Asante’s managing partners, was quoted in The Wall Street Journal for an article by Chris Cumming about Q1 2023 private equity fundraising activity.
Asante would like to thank all of you who took the time to complete the Asante Winter Survey, which has resulted in Asante donating a record sum to our partners at the Asante Africa Foundation. The foundation has positively impacted over 840,000 lives in East Africa, striving to empower the region’s youth by providing education programs and scholarships to the leaders of the future.
This 2023 Asante Winter LP Survey reflects a shift in investors’ sentiment as a fall in public markets reducing investors allocations for private assets. There were a host of “fear factors” that drove LPs’ slowdown from investing in private markets in 2022.