TLDR:
- The selloff of London-listed PE and VC funds has bottomed out.
- Sentiment is improving in the private equity sector.
The article by David Stevenson discusses the future outlook for private equity, highlighting some key points:
Stevenson begins by commenting on the challenge of identifying undervalued opportunities in the investment trust market due to persistently high share price discounts. He mentions his struggles in finding a bottom in biotech funds but expresses confidence in the market’s sentiment towards genomic and oncology-based investments.
He goes on to discuss the positive outlook for private equity, noting that the selloff of London-listed PE and VC funds seems to have reached a bottom and sentiment is improving. He suggests that higher interest rates are not as much of an existential challenge as some skeptics believe.
Stevenson also emphasizes the importance of correctly identifying valuation anomalies in the private equity sector, which can present opportunities for investors. He concludes by highlighting the potential for growth and positive sentiment in the private equity market.
In conclusion, the article presents a positive outlook for private equity investments, indicating that the future looks bright for the sector despite previous challenges.
