'Buyers don't have the time or resources to compete in a drawn-out auction process, instead finding themselves willing to pay a steeper multiple to ensure they will win the asset and take it off the table extremely quickly,' explains Robert Reifman, managing director, Lincoln International.
'Many sectors – consumer services, logistics, distribution, for example – are terrific sectors with higher valuations today that align with long-term trends.'
In the first five weeks of 2022, PE Hub has seen a slew of PE deals focused on issues like scheduling professionals and helping them manage workspaces.
LPs are drawn to first-timers formed in spinouts from big, brand-name PE firms.
Alpine will "continue to look for partnerships with other like-minded firms in complementary engineering and infrastructure verticals," Alpine partner Dan Sanner told PE Hub.
Nearly $475bn of fresh capital was secured by 854 buyout, growth equity, venture capital and other PE vehicles in 2021, up 19% from $399bn raised a year earlier, according to data from affiliate title Buyouts.
The sale is one of several that hit the market since the second half of 2021, when traditional LP portfolio sales came surging back into the market.
Under the new proposal, PE managers would be required to file reports on certain events within one business day, including the removal of a fund’s general partner, the termination of a fund’s investment period and more.
Fundraising this year is being fueled by established firms such as Blackstone Group, Vista Equity, Thoma Bravo and others launching new funds at quick pace.
Why 2022 is already a seismic year for private funds.