Reports on the expected correction in private equity valuations due to past high valuations achieved during low-interest rates, with insights from industry leaders predicting a downturn and strategic adjustments.
Authors: Christoph Ruhkamp
Publication date: 19 June 2022
Published in: Börsen-Zeitung
Volume/ Ausgabe:
Source download link: https://www.boersen-zeitung.de/unternehmen-branchen/bewertungsdruck-auf-private-equity-ef4cfa1e-ee32-11ec-9711-55be560abee3
Discusses how core infrastructure investments offer inflation protection due to their stable and monopolistic nature, providing a consistent return in inflationary periods.
Authors: Robin Jakob
Publication date: 6 June 2022
Published in: Wealth DFM
Volume/ Ausgabe:
Source download link: https://wealthdfm.com/why-listed-infrastructure-is-ideal-inflation-protection-for-private-client-portfolios-opinion-from-lpx-ag/
Discusses the opportunities for investors in private equity firms during market turbulences, which often result in lower valuations for high-quality companies, suggesting a strategic entry point for investment.
Authors: Daniel Eckert, Holger Zschäpitz
Publication date: 15 May 2022
Published in: Welt am Sonntag
Volume/ Ausgabe:
Source download link: https://www.genios.de/document/WAMS__0135007311467800398a9b2d960bf41d9d55fddf
Highlights the strategies and performance of the LPActive Value Fund, focusing on its value-oriented approach to investing in listed private equity, providing a detailed analysis of the fund’s structure and investment approach.
Authors: N/A
Publication date: 29 April 2022
Published in: Kapital-markt intern
Volume/ Ausgabe: 2022, 17
Source download link: https://www.kapital-markt-intern.de/kapital-markt-intern/aktuelle-themen/k-mi-aktuelle-themen/fonds-im-spotlight-lpactive-value-fund-lpx-1/
Using market data for a comprehensive sample of publicly listed permanent capital private equity funds, I confirm existing results in the private equity literature and establish new empirical facts for private equity investments. Over 2000–2019, only mezzanine funds outperformed public markets, whereas buyout, growth, and funds of funds underperformed somewhat, and venture capital funds underperformed significantly. Buyout funds exhibit performance persistence. Larger funds with higher asset turnover have higher performance, and funds with higher expenses have lower performance. Finally, contemporaneous and out-of-sample performance of buyout and mezzanine funds is associated with deal and exit transaction characteristics.
Authors: Maurice McCourt
Publication date: 13 April 2022
Published in: Journal of Financial Research
Volume/ Ausgabe: Volume 45, Issue 2
Source download link: https://onlinelibrary.wiley.com/doi/full/10.1111/jfir.12277
The LPX Group in Zurich has established a reputation as a provider of research and as a constructor of indexes in the Private Equity segment. However, about 15 years ago, the company also began calculating indexes for the infrastructure stocks sector. By now, the portfolio includes six of these market barometers, and the Swiss company’s expertise is also embedded in the relevant indexes of the industry heavyweight, FTSE. Only basic infrastructure titles are included.
Authors: Euro am Sonntag
Publication date: 1 April 2022
Published in: Euro am Sonntag
Volume/ Ausgabe:
Source download link: https://www.lpx-group.com/wp-content/uploads/2022/04/ES1322_Fondsinterview.pdf