Juan Delgado-moreira on private equity exits
From Hamilton Lane Co-CEO on AI investing, the IPO market and private market fundraising · · CNBC International Live
“The other two main exits for private Equity are other strategic so other corporates other companies and essentially other forms of private markets ownership other funds other GP continuation Vehicles secondary purchases.”
On , Juan Delgado-moreira, Co-Chief Executive Officer & Member of the Board at HAMILTON LANE INC, spoke about private equity exits during Hamilton Lane Co-CEO on AI investing, the IPO market and private market fundraising on CNBC International Live.
About Juan Delgado-moreira
In a September 2024 interview, Hamilton Lane Co-CEO Juan Delgado-Moreira discussed current conditions in private markets. He stated that while artificial intelligence is an important sector in venture capital and growth, it is "just a component of the range of Alternatives" within private markets. Regarding exits, he noted that IPOs have historically accounted for no more than a quarter to a third of private market exits, with other strategic sales and secondary purchases being the main alternatives; he described the IPO pipeline as "getting more active" but pricing as subdued. Delgado-Moreira characterized 2023 fundraising as "the weakest link" but also as one of the top 10 fundraising years in the industry's history. He said the average holding period for assets has moved to about five years, making "fundamental growth" essential. He observed that buyout strategies are focusing on sectors with "fundamental tailwinds" such as healthcare, consumer areas, logistics, and infrastructure. He emphasized that private markets investing is about buying companies, aligning management, and making them "better and bigger companies," and that value creation requires multiple avenues for growth given an uncertain future.
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