London update - February 2020

11 February 2020

The latest update from London Representative Christine Gill

In January, I presented the Monterey Insight 2019 Fund report to London private equity managers. The sentiment from the funds sector is that there is a shared sense of ‘drift away from London’ which is having an impact on people, expertise and ability to exit investments.

Over the last few weeks, I have presented the Guernsey Global Distribution Report to London fund lawyers, marketing Guernsey’s strong distribution capability for funds through existing agreements and equivalences across non-EU jurisdictions. The feedback was that they expect to see a rise in private credit funds in 2020, and expect to see more private equity fund managers raising mega funds this year.

Overall sentiment in London was slow but optimistic, new developments for the year ahead include optionality for investors, non-traditional offerings such as private debt, real asset and real estate funds will be offered by private equity funds to increase product lines. ESG credentials will be top of the list there will be an increase deals to mitigate climate change, assessing and managing impact will continue to be a challenge for funds.

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