Troviq Private Markets

Wishing everyone a very Merry Christmas and Happy New Year!

The Troviq Private Markets team recently gathered in Haarlem for our latest offsite. Our bi-annual offsites provide a great opportunity for our team and senior advisors to discuss key topics across all areas of our business. We look forward to implementing a range of new ideas and initiatives over the coming weeks and months!

We are pleased to see the continued strong performance of the TPM Privium Private Debt Portfolio, returning +11.7% in the fund’s first 12 months. Our commitment to creating a highly diversified portfolio, now with over 1,500 senior secured private loans, is providing a stable source of yield for our clients in volatile markets. The TPM Privium Private Debt Portfolio is an open-ended fund with quarterly subscriptions where new investors participate in the existing portfolio. For wealth managers, private banks, and family offices exploring the role private debt can play in a portfolio, please get in touch and we'd be delighted to discuss the asset class with you.

A big thank you to StepStone Group for inviting Troviq Private Markets’s Christos Skordis, CAIA and Alice Grant to attend their first in-person Academy in London! It was a fantastic opportunity for junior investment team members to get a comprehensive introduction to the methods of accessing Private Equity. The event also covered due diligence for Primaries, Secondaries, and Co-Investments.   Key Takeaways: • Private Equity Resilience: Despite market volatility, private equity has weathered recent challenges, including rising interest rates, inflation, and valuation pressures. Disciplined fund deployment and vintage diversification create continued opportunities. • Current Market Trends: Fundraising cycles are elongating, making it a more challenging environment. However, top-tier managers remain strong, particularly smaller GPs. Manager selection remains as important as ever. • Co-Investments: Co-investments offer cost-efficient access to specific deals with reduced fees and greater control over portfolio construction. • Secondaries: Liquidity options and portfolio rebalancing along with high levels of "dry powder" and a backlog of exits, mean secondaries are likely to play a critical role in driving future private equity transaction activity.   #privateequity #coinvestments #secondaries

Last week, Troviq Private Markets's Christos Skordis, CAIA and Alice Grant attended Rede Partners LLP's RedeConnect 2024 - a dynamic three-day event focused on the latest trends in private markets. Key takeaways: • LP sentiment is on the rise: For some LPs liquidity concerns are starting to be replaced by optimism and an increase in deployable capital, driven by a positive numerator effect and growing enthusiasm for emerging managers. • Rising demand for lower- and mid-market strategies: These segments are outperforming mega-cap funds, with LPs increasingly seeking diversification through smaller, more agile funds that offer higher alpha potential. • Focus on specialised strategies: LPs are honing in on sector-specific and niche strategies that offer unique value propositions. • Innovation in fund structures: Creative liquidity solutions like GP-led secondaries and NAV financing are gaining further traction. #privatemarkets #midmarket #creativeliquidity

Troviq Private Markets’s Siri Engqvist recently attended Preqin’s The Future of Alternatives conference in London. The conference was filled with insightful discussions and some interesting data and forecasts. Key takeaways: • Preqin predicts global alternatives will reach $30tn in AUM by 2030. • Alternatives are going mainstream and will soon be a core part of most portfolios. • Geopolitical risks: flexible private capital will have a critical role to play. • Fundraising is expected to be increasingly driven by the wealth channel. • Audience was bullish on the outlook for private debt. #PrivateMarkets #Alternatives #WealthManagement #PrivateDebt #InstitutionalInvesting #Preqin

If you're looking to understand the ins and outs of Private Credit Secondaries, read our latest article here: #privatecredit #secondaries #privatemarkets

Troviq Private Markets’s Edward Cotton, CFA participated in an engaging panel discussion last week at the UCITS & AIFMD London Conference on Opportunities in Private Markets: Trending Products and Vehicles. The conversation covered key industry topics such as: • Trending vehicles and products in private markets • Updates on ELTIF 2.0 technical standards and their impact on managers • Insights into recent LTAF launches and key lessons learned • Experiences with cross-border marketing and sales of ELTIFs   #PrivateMarkets #ELTIF #LTAF #UCITSAIFMD #CrossBorderMarketing #FundLaunches #ConferenceInsights

Last week Troviq Private Markets's Christos Skordis, CAIA attended Markets Group's 7th Private Equity Europe Forum in London, connecting with GPs, LPs and industry experts from across Europe and the US.   Some Key Takeaways from the event include: • Deal Activity: Exit activity remains muted, with over 14k companies (c.$1.6tr in NAV) held by buyout funds for 4+ years. • Liquidity, Liquidity, Liquidity: The secondary market recorded c.$70bn in transaction volume in 1H24, setting it on course for its best year yet, signalling the continuous need for liquidity solutions in the market. • Optimism for the rest of 2024: Maturing portfolios, anticipation of accelerating global growth, declining inflation, and expected central bank rate cuts has improved market sentiment and is building optimism for Q4 2024 and early 2025. • Manager Selection and Specialisation remain key to navigating the new market environment and finding highly attractive, risk-adjusted returns. • Diversification, AI, and ESG are top priorities for value creation.   We’re excited for what the rest of the year holds and look forward to sharing more insights along the way!    #MarketsGroupPE #PrivateMarkets #PrivateEquity

Earlier this week Troviq's Siri Engqvist and Shyam Awasthi attended the IPEM conference in Paris, meeting with over 20 GPs in 3 days and connecting with industry experts from across Europe and the US. We're excited about the opportunities to continue partnering with great managers as the pipeline of funds for 2025 continues to take shape! #privatemarkets #privatewealth #familyoffices