Personal finance

Personal finance nonetheless accessible however at decrease valuations

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Picture: iStock

Picture: iStock

As equities fall into bear markets, valuations of as soon as high-flying know-how firms collapse and the new-issue marketplace for preliminary public choices goes into hibernation, there’s one place the place firms can nonetheless elevate massive quantities of cash.

Jason Hutchings, head of the pure assets group and of the personal markets financing crew in EMEA at UBS, says: “We’re optimistic about the place the personal placement markets go from right here. Traders in personal fairness are being extra discerning and doing much more due diligence. However there’s a whole lot of money nonetheless trying to go to work and a substantial amount of curiosity to subject.”

The enterprise Hutchings runs does major and secondary personal placements, with major often being Collection B, C and D raises. The crew works carefully with household places of work and ultra-high net-worth buyers that UBS serves by way of the personal financial institution to match buyers in opposition to personal firms searching for capital.

We at the moment are seeing extra queries from firms hoping to lift debt to place off a brand new fairness elevate that establishes a decrease valuation

Vinod Vasan, UBS

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Hutchings says of the enterprise: “Now we have seen round $50 billion deployed thus far this yr at virtually the identical price as in 2021, which was a breakthrough yr with practically $120 billion of personal capital raised in Europe.”

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