Viewpoint: How should institutional investors insulate from poor private equity performance?

By Tom Adlard, Capstone Investment Advisors 23 May 2025

2024 was by many measures another poor year for private equity. Against the backdrop of flat industry assets under management and falling capital raised, annual exits have now fallen to 50% of the levels seen in 2022. Cash distributions, aided by a range of financial engineering techniques rather than true ...