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Private capital

The year ahead:
top 5 private
capital trends

Randy Schwimmer
Vice Chairman, Investor Solutions
Jason W. Strife
Head of Junior Capital and Private Equity Solutions
Mat Linett
Senior Managing Director, Head of Senior Lending
churchill white paper

Private capital stands primed to capitalize on what looks set to be a favorable environment for generating returns and income as the macroeconomic fog clears, financing costs ease and improved liquidity sets the market moving in a virtuous cycle.

We expect many of the private capital trends we highlighted in 2024 to continue in 2025, but they will be set against a different macro backdrop. Five themes that are shaping that outlook include:
  1. Somewhat higher for longer: What slower rate cuts mean for private capital investors
  2. A busier market: What it will take to source and secure high-quality opportunities as deal activity increases
  3. Default position: Discipline and careful portfolio construction will keep portfolios clean
  4. Platform excellence: What today’s highly selective LPs will look for in a manager
  5. A breath of fresh air: How exits, fundraising and new deals will develop through 2025

Download the full article

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Investing involves risk; principal loss is possible. Debt or fixed income securities are subject to market risk, credit risk, interest rate risk, call risk, derivatives risk, dollar roll transaction risk and income risk. As interest rates rise, bond prices fall. Below investment grade or high yield debt securities are subject to liquidity risk and heightened credit risk. Foreign investments involve additional risks, including currency fluctuation, political and economic instability, lack of liquidity and differing legal and accounting standards. Please note investments in private debt, including leveraged loans, middle market loans, and mezzanine debt, are subject to various risk factors, including credit risk, liquidity risk and interest rate risk.

This information represents the opinion of Nuveen, LLC and its investment specialists and is not intended to be a forecast of future events and or guarantee of any future result. Information was obtained from third party sources which we believe to be reliable but are not guaranteed as to their accuracy or completeness. There is no assurance that an investment will provide positive performance over any period of time.

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