“At this point in the cycle, we are seeing an increasing flow of backable spin-outs and first time funds. The strong fundraising market has given high quality individuals and teams the confidence to strike out alone, and we’ve seen a high number of successful first time funds closing over the past 12 months.” Following the launch of the Rede Liquidity Index (RLI) for 2H 2018, Adam Turtle, Founding Partner of Rede, caught up with Private Equity International to discuss the findings.
Secondaries sentiment down amid bright H2 picture
Private equity still in growth mode despite dip in UK sentiment – Rede Liquidity Index (RLI)
Private equity is still in growth mode as 90% of LPs surveyed for the 2H2018 Rede Liquidity Index (RLI) say they expect to increase or maintain existing allocations over the next year, despite a slight dip in UK investor sentiment. The latest version of the RLI, an industry benchmark assessing investor sentiment towards the asset class, represents the views of the RLI Panel, a group of global institutional investors with over €5 trillion in assets under management and over €800 billion in capital allocated to private equity. Read the full report here:
Over her seven year tenure with advisory firm Rede Partners Julie has proved a dab hand at GP-led transactions with one source describing her as “a force to be reckoned with."
Young Guns of Secondaries 2018
Rede Partners has appointed industry veteran Ian Simpson as a senior adviser, building on a series of other hires made earlier this year. In total, the firm has made seven senior hires in 2018, including executives from rival placement agent MVision and Carlyle-backed investment firm AlpInvest.
Rede hires industry veteran, strengthens senior team
Rede Partners, a leading independent fundraising advisor to the private equity industry, has strengthened its team with a number of new senior hires, bringing the firm’s total headcount above 40.
Gabrielle Joseph, Rede's Head of Due Diligence and Client Development, spoke with AltAssets about the role of gender in private equity and gave her view on how the industry can make positive strides to tackle its diversity challenges.
Challenging 'Fake Diversity' and The Ongoing Lack of Senior Women in Private Equity
Apiary Capital, a new UK lower mid-market investor, has announced the close of its debut fund at £200 million, having received excellent support from international LPs. After a rapid process, the Fund significantly beat its £150 million target. Rede Partners is proud to have advised Apiary, working closely with the team since inception. Congratulations to the whole Apiary team on this outstanding result.
Private Equity News: Apiary Capital hits 200 million hard cap on debut fund
Recent data has revealed that the amount raised for buyout strategies fell 24% to $44.5 billion in the first six months of this year. Rede co-founder Adam Turtle caught up with Private Equity News to discuss his view on the latest fundraising trends in the market.
Rede co-founder Adam Turtle recently caught up with PEI to discuss the increasing trend of US PE funds becoming more internationalised to tap into markets they deem less competitive. You can read his perspective by clicking on the link below.
Rede Partners was proud to chair the Women’s Private Equity European Summit, held in London on 5th June 2018. Gabrielle Joseph, Principal at Rede Partners said, "It was a real honour for Rede Partners to chair the WPEN European Summit. Rede Partners believes passionately that diversity creates value and that the private equity industry can only benefit from continued improvement in the gender balance of our teams. The WPEN Summit showcased the very best of female talent in the private equity world with wide-ranging debate providing tangible, concrete ideas for improving the prospects of women in our sector. We are delighted to have seen so many impressive, insightful women at the event".
The move, set to take place in August, will see Scott continue the firm’s international expansion following the opening of a dedicated New York office in 2017.
Rede founding partner Adam Turtle recently caught up with PEI to discuss growing investor appetite for platform extensions. Read his thoughts on this trend published in the link below.
Rede Partners congratulates Ambienta on the successful €635 million close of Ambienta III at its hard cap after just three months of active marketing. The Fund was heavily oversubscribed. Ambienta is a leader in sustainable investing, supporting the growth of leading SMEs underpinned by environmental megatrends, notably resource efficiency and pollution control. Over its history the Firm has generated outstanding financial returns combined with delivering a significant and quantifiable environmental impact through its portfolio. We are proud to have worked with Ambienta over the last five years, helping them close both Fund II, one of the best performers of its vintage to date, and Fund III.
Rede is delighted to have advised Volpi Capital on its fundraising for its inaugural fund, Volpi Capital Fund I, which closed on its hard-cap of €185m. Volpi Capital will invest in rapidly growing, information based, technology-enabled services businesses across Northern Europe, and has already made the first three investments for the Fund. Congratulations to the Volpi team on this excellent result.
Rede founding partner Adam Turtle recently spoke with PEI on some of the well-known industry nightmares managers can come across while raising a fund. Read his advice on how to get a fundraise through a roadblock in the link below.
Rede Partners’ co-founders Scott Church and Adam Turtle have been named on a list of private equity’s most influential fundraisers, compiled by Private Equity International. PEI’s editorial team surveyed senior professionals across the globe asking them to nominate fundraising professionals on the following basis: “If you were out there raising a fund, who would you want on your team and why?”. Congratulations to Adam and Scott!
A huge congratulations to PAI Partners who have today announced the €5bn close of PAI Europe VII. Following a rapid and efficient fundraising process, the fund was oversubscribed at its hard cap with strong support from existing as well as a broad range of new investors globally. PAI Partners will continue to pursue its investment strategy driving transformation through investment and consolidation to build premium assets for strategic acquirers. Rede is delighted to have continued its relationship with PAI and been part of the firm’s continued success. Well done to PAI!
Rede would like to congratulate Verdane on the highly successful SEK 3 billion close of Verdane Edda. The Fund was heavily oversubscribed and closed at its hard cap, with a global LP group. It will invest in high-growth companies in the Nordics, both within the software and consumer internet sectors, as well as in more traditional businesses where digitalisation can accelerate future growth. We are proud to continue our partnership with the Verdane team and look forward to seeing their continued success! For more information, please follow this link:
Strong momentum in the private equity industry is set to continue as LPs expect to allocate even more to the asset class over the next 12 months, according to the 1H2018 edition of the Rede Liquidity Index (RLI), an industry benchmark assessing investor sentiment towards the asset class, released today.
Investor sentiment towards private equity rises with LPs bullish about the year ahead.
Rede Partners is proud to have been named ‘Placement Agent of the Year in Europe’ at the 2017 PEI Awards, hosted by Private Equity International. The PEI Awards remain the only awards in the industry decided solely by the industry, with thousands of voters across its readers. This award, seven years post the firm being established, represents the strength and differentiation of Rede’s model, and most importantly the results it has delivered for clients.
Rede Partners is pleased to have advised Miura on the raising of its third fund – Miura Fund III – at its hard-cap of €330 million. Congratulations to everyone at Miura for this rapid and efficient fundraise which received commitments from a global group of institutional investors.
Secondaries fundraising across private equity and real estate hit a record high last year, according to PEI data. Yaron Zafir, Head of Secondaries at Rede, caught up with Secondaries Investor to discuss what record fundraising means for the market.
At the turn of another year, many are speculating on what is likely to shape the European private equity landscape in 2018. Adam Turtle, co-Founder of Rede Partners, spoke with Private Equity International about key themes that the market may witness over the next twelve months.
Looking ahead: Europe in 2018
Rede Partners is delighted to have advised Alchemy on the successful close of its Special Opportunities Fund IV at its £900m hard cap. Following an efficient fundraising process which launched in September 2017, Alchemy received strong support from a global investor base, particularly from US and European markets. Alchemy will continue to deploy the successful European distressed and special situations strategy of its prior funds. Congratulations to the Alchemy team on this successful result.
For the full announcement, please follow the link below:
Alchemy closes Special Opportunities Fund IV at £900m hard-cap
After another successful year, Rede has been shortlisted as 'Placement agent of the year in EMEA' at the 2017 PEI Awards. If you would like to vote for us ahead of the deadline this Friday 5th January, please do so here: https://www.surveymonkey.co.uk/r/FJSF9RM
Vote for Rede at 2017 PEI Awards