Talk of trouble in the private equity industry is unrelenting. High costs of capital, a gloomy outlook, and a lackluster IPO market have threatened private equity investors’ ability to deliver favorable IRRs and execute transformational investments. Yet some investors have continued quietly toiling away. Poised between worries about buying into a recession, on one hand, and fading recession risks, on the other, capital-constrained environments have created opportunities for those with dry powder to deploy selectively. Faced with the undoubted current market headwinds, who is still deploying dry powder right now? How will managers continue to generate returns for their LPs, deliver value across their portfolios, and navigate structural uncertainty in the years ahead? What core tenets in their investment strategies have they remained steadfast to? 

Moderator

Mark Thierfelder

Co-Chair and Partner, Dechert

Speakers

Joe Baratta

Global Head of Private Equity, Blackstone

Anne-Marie Fink

Chief Investment Officer, Private Markets and Funds Alpha, State of Wisconsin Investment Board

Patrick Healy

CEO, Hellman & Friedman

Jonathan D. Sokoloff

Managing Partner, Leonard Green & Partners

Pete Stavros

Co-Head, Global Private Equity, KKR