RCQ's Consultant, Stavros Zangoulos, and Director, Greg McGinnigle were invited to attend SuperReturn International in Barcelona last week.
Stavros commented: “I thoroughly enjoyed my first SuperReturn International conference last week. The event provided excellent opportunities to network and learn more about the market, particularly during the informal chats in the hotel lobby and the evening events".
The key takeaway points are:
🔶 Fundraising remains difficult in the current market, especially in the lower and mid-market space. GPs are scheduling more meetings but are raising less capital overall.
🔶 With the M&A market still quiet (at least for the next 3-6 months), GPs remain very selective and are only prepared to invest in assets that tick all their boxes. There also seems to be an extended holding period, with GPs unwilling to exit from a lot of their portfolio companies.
🔶 LPs remain reluctant to allocate capital to opportunities as they first wait for returns. However, due to this scarcity of liquidity, there is a gap in the market for Family Offices to step in and invest in a number of exciting funds.
🔶 Despite the uncertainty in the market, the hunt for talent across the buy side space is still high. Investor Relations hiring has picked up across the mid-senior level along with the demand for established and proven deal makers.
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