Welcome to the first edition of Balentic Edge Newsletter.
Each issue highlights key developments from GPs, explores emerging investment trends, and shares practical tools to help both LPs and GPs navigate a changing landscape.
In a market already shaped by high rates and tight liquidity, the latest turbulence fromTrumpf’s tariffs adds another layer of complexity—especially for cross-border strategies and supply chain-heavy sectors.
We aim to keep it sharp, relevant, and worth your time.
Thanks for reading—and welcome aboard.
Best,
Kasper,
CEO & Co-founder Balentic
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Insights
New blog post: Private Equity in a Trade War: Freeze, Flee or Fight?
A sharp take on how tariffs, inflation, and FX volatility are reshaping private markets. What LPs need to know now—from deal flow to secondaries—and how to respond: freeze, flee, or fight.
New Podcast: Thematic Investing: Navigating the Future of Private Markets
Thematic investing isn’t just a trend — it’s a strategic approach to capturing long-term structural shifts shaping industries and economies. Our latest Balentic Edge podcast explores key trends, data, and our approach to helping investors navigate these opportunities. Listen to a snippet below or
Lisa Cawley of Screendoor breaks down why being an LP of GPs offers unique strategic value. From backing emerging VC managers to embedding experienced GP advisors into the investment process, this episode explores how firm-building and fund selection intersect.
TPG has completed its acquisition of Peppertree Capital Management, adding a $7.8 billion wireless communications infrastructure strategy to its platform. The newly combined business will operate as TPG Peppertree, led by Peppertree’s Co-Managing Partners, Howard Mandel and Ryan Lepene.
NextEnergy Group outlines its commitment to a sustainable future with the development of a Climate Transition and Net Zero Plan, aiming to align with or exceed Paris Agreement targets.
Chart of the Week
LPs Will Back Emerging Managers
Source: Balentic LP Survey, March 2025
We recently launched our inaugural LP Survey along with our great partners from A2Z Private Capital, Institutional Quality, and Tamarix Technologies.
The survey is now closed and we are starting to slice and dice the data and are working on a brief report. Let us know here, if you are interested in a copy of the report.
Contrary to common wisdom, the most surprising takeaway so far has been that almost 70% of respondents will invest in Emerging Managers, defined as Managers that are raising fund one or fund two.
While willing to and doing so are not necessarily the same thing this nonetheless means that there is risk willing capital from institutional LPs for Emerging Managers.
Consequently, if Emerging Managers are finding it hard to get traction among institutional LPs, they need to ask themselves
If they are targeting and engaging with the right institutional investors
If there is something internal (team, track, terms, governance, message, etc.) that is off-putting to institutional investors
At Balentic we can help with the first point. We have several LP Users on Orca that are actively looking to invest in Emerging Managers - if you are interested you can sign up here.
Orca Highlights
Each edition, we spotlight a newly onboarded GP on Orca - giving LPs a direct look at fresh strategies and opportunities now live on the platform.
Welcome to Unigestion
The Unigestion Secondary Strategy is global and focuses purely on midmarket buyouts. The program has been designed specifically to deliver consistently strong returns without the use of leverage, through a focus on single line, smaller transactions in the LP space, alongside smaller GP-led deals and a meaningful allocation to direct secondaries.
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Disclaimer: The information provided in this newsletter is for informational purposes only and should not be construed as financial or investment advice.
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