
Private equity draws on continuation funds to tackle liquidity drought
The exit winter for private equity persists, writes William Edwards, Director, Financial Institutions, S&P Global Ratings.

The exit winter for private equity persists, writes William Edwards, Director, Financial Institutions, S&P Global Ratings.

According to Houlihan Lokey’s inaugural LP Compass survey of primary investors, private equity (PE) continues to demonstrate investor resilience in 2025, with Limited Partners (LPs) planning to maintain or modestly adjust their allocations to the asset class, despite ongoing concerns over geopolitical risks.
Goldman Sachs Alternatives has announced that it has launched its G-PE fund, writing that this is part of its ‘G-Series’ suite of open-ended private markets funds that benefit from the firm’s 36-year track record as a leader in private investing. The fund is the latest fund launched under the G-Series brand.
Mirabaud Group, a family-owned international banking and financial Group specialising in wealth and asset management, and AltamarCAM Partners, a global asset manager focused on investing in private markets, have announced the launch of an evergreen semi-liquid strategy, dedicated to investing in private equity globally.
Private equity-driven M&A activity in the IFA sector surged in the UK in 2024, despite economic and regulatory headwinds, with strong valuations expected to sustain momentum into 2025, according to a market review report from Heligan Group.

The private equity industry must change the way it operates if it is to attract pension fund assets, the UK’s Minister for Pensions Torsten Bell has said.
A new semi-liquid private equity market report from bfinance has found that the market for semi-liquid PE funds has grown to more than 40 strategies with an estimated USD30 billion in assets under management (AUM), many of which were launched since 2020.
Scalable Capital is offering suitable investors in Germany access to alternative investments such as private equity, through the Scalable Broker.
Franklin Templeton has announced that it has received approval from the Luxembourg regulator Commission de Surveillance du Secteur Financier (CSSF) to launch the firm’s first open-ended strategy focused on private equity secondaries.
Van Lanschot Kempen Investment Management has launched its Kempen European Private Equity Fund III.