2024 M&A Year in Review - Flipbook - Page 42
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Private Capital
Sector performance
Despite mounting pressure on financial sponsors to deploy capital
ahead of investment period expirations, private capital deal
activity did not gain momentum until mid-2024. Sector
convergence intensified, with strong demand for investments in
AI, data centers, financial services, health care, infrastructure,
insurance, renewable energy, and businesses focused on energy
transition.
The secondaries market continued its growth trajectory, providing
liquidity solutions in a constrained transactional market.
Consolidation of financial sponsors across the private capital
spectrum persisted, driven by challenging market conditions and
sponsors seeking efficiencies. The rise of private credit remained
uninterrupted, solidifying its role as a cornerstone private capital
strategy. Sovereign wealth funds also played an influential role in
the sector, often accelerating their direct investing strategies.
Hogan Lovells activities
In 2024, our Private Capital team partnered with clients at every
stage of the investment lifecycle. We developed a range of
thought leadership on trending topics, including private credit,
secondaries, fund and leveraged finance, ESG, cross-border
investment, carried interest, and management incentives.
We hosted events across the globe, bringing together private
capital investment and legal professionals to exchange ideas and
challenge perspectives regarding market developments. We also
delivered a three-part webinar series exploring financing
throughout the fund lifecycle.
Acts for a broad
spectrum of
private equity
houses and
alternative
asset managers,
including
specialist
investors,
sovereign
wealth funds,
and pension
funds.”
Chambers UK, 2024
