Falling valuations and increasing emphasis on efficient and sustainable growth by private companies are likely to make conditions ripe for growth capital investing, say Adams Street Partners’ Robin Murray, Tom Bremner and Fred Wang to Private Equity International (PEI).
“Downturns can make it easy for entrepreneurs to build businesses. There is less competition for customers, talent, office space, etcetera. The one real downside is that equity is now more expensive. From an investor’s point of view, obviously the best time to invest is when valuations are low. I have been a venture capital investor for 25 years and I believe we are entering a phenomenal couple of years in which to invest.”
— Robin Murray, Partner & Head of Growth Equity
Learn more about Adams Street’s perspective in the full article titled, “Keynote Interview: Fertile Ground for Growth Equity” in the May issue.
Important Considerations: This information is provided for educational purposes only and is not investment advice or an offer or sale of any security or investment product or investment advice. Statements are made as of the date hereof. References herein to specific sectors or strategies are not to be considered a recommendation or solicitation for any such sector or strategy. While Adams Street believes in the merit of private market investing, such investments are nevertheless subject to a variety of risk factors. There can be no guarantee against a loss, including a complete loss, of capital. Past performance is not a guarantee of future results. Projections or forward-looking statements contained herein are only estimates of future results or events that are based upon assumptions made at the time such projections or statements were developed or made, and actual results may be significantly different from the projections. Also, general economic factors, which are not predictable, can have a material impact on the reliability of projections or forward-looking statements. Adams Street Partners, LLC is a US investment adviser governed by applicable US laws, which differ from laws in other jurisdictions.
