The $150 billion opportunity most investors are sleeping on

14 November 2024

The following was written and published on Livewire on 14 November 2024.

We discuss the opportunities that can be gleaned in global private equity secondaries with Barry Miller of Ares.

Note: This video was taped on Thursday 31 October 2024.

Once upon a time, privately owned businesses could secure funding and financing mostly from a bank or by approaching individual investors. But that world has changed dramatically. Now, there are so many more options for businesses needing cash. One of these options, private equity, involves Private Equity firms buying stakes in promising firms, offering them funds and expertise, and then selling them off for (hopefully) a profit.

This business model isn’t new but what is new is how much it has grown. Between 2012 and the end of 2023, EY data suggests the global private equity market has grown by 179% (in AUM terms). In the Americas, that growth figure is 200%.

Read the edited transcript here.