Insights

Why Platform Readiness Matters Before Buy-and-Build Begins Buy-and-build, the strategy of acquiring one company as a base and then bolting smaller businesses onto it, can make a growth plan look more compelling. It can also expose weaknesses that were manageable when the company was smaller. A platform, the base company that does the acquiring, should not begin consolidating simply because add-on opportunities are available. The first test is whether the business can absorb

Patient capital is often described as an advantage. In private markets, that can be true. Longer ownership can give investors and management teams the time to build better companies, avoid forced decisions, and pursue value creation with more discipline than a short exit timetable might allow. But patience is not a strategy on its own. Our view is that patient capital only becomes valuable when it is matched with an operating system: clear information, disciplined cadence,

Exit readiness is often treated as a late-stage workstream. In the current private equity environment, that is too narrow a view. Bain & Company reported that distributions as a percentage of net asset value have remained below 15% for four consecutive years, an industry record. The same report noted that the private equity industry is holding 32,000 unsold companies worth $3.8 trillion, with average holding periods at exit around seven years. Our view is that exit readin

Middle-market pricing has remained resilient, but the more useful signal is selectivity. Stable multiples place greater weight on earnings quality, reporting visibility, integration readiness, and disciplined execution.

Supporting Management Teams Beyond Capital A conversation between AIV Capital and Quantiva Participants: Ethan Khatri, Managing Director, AIV Capital Akshat Biyani, Quantiva Tia, Moderator Tia: Ethan, how do you think about supporting management teams beyond capital? Ethan: At AIV, we have always taken the view that capital on its own is not sufficient. Most of the management teams we back are strong operators, but as businesses scale, the demands around reporting, analytics,

As private markets enter 2026, investors face an environment that is neither distressed nor forgiving. Monetary policy is easing, but cautiously. Inflation is moderating, but remains structurally higher than in the post-GFC period. Growth is positive, but increasingly narrow. Our view is that this is not a backdrop that rewards broad exposure. Instead, it is one that amplifies dispersion and places a premium on execution, pricing discipline, and control over value creation. G

Introduction In the evolving landscape of private equity, Limited Partners (LPs) are increasingly seeking direct investment opportunities to enhance returns, improve transparency, and exert greater control over their investments. Leveraging the expertise of experienced managers can provide LPs with strategic advantages in accessing these direct deals. This report explores how LPs can utilise managers to tap into direct investment opportunities, supported by current market sta

As 2024 unfolds, the US private equity (PE) market stands at a pivotal juncture. While familiar headwinds persist, pockets of robust...

European PE Market 2024 In 2024, the European the European private capital landscape is showing robust growth, maintaining its strength...

Overview: US Venture Capital Valuation Report The U.S. venture capital market in Q3 2023 exhibits varied dynamics across different stages...

Key Takeaways from the Q1 2023 Global Fund Performance Report The private capital industry has experienced a remarkable transformation...

The private equity industry has been significantly impacted by the COVID-19 pandemic. While the global economy is struggling to recover,...