Private equity

No more free lunch: Impact of higher interest rates on private equity

We explain what the direct and indirect rate exposure of buyouts, venture capital, growth equity, secondaries, and fund-of-funds mean for investors.

By

William Craig

Mark Watson

event February 2025

5 min

Article

2026-02-28

Portfolio strategy Strategic allocation Private investing Private Investing Program iStrat Venture capital Private equity Manager selection Article

Sizing private-market allocations: part one

Our multi-asset experts explore three key components of sizing private market allocations, offering a framework to evaluate the capacity to take on illiquidity, the need for excess return, and the ability to consistently source 'good' investments.

Multiple authors

event February 2025

8 min

Article

2026-02-28

Energy Mid-stage Climate tech Private Investing Program Private equity Private investing USA Private portfolio companies Private investments Article

Wiring the future: Emerging tech for the transmission-grid build-out

Learn how our climate technology investment team is researching private market opportunities in high-capacity conductors and other energy grid-tech innovations.

By

Greg Wasserman, CFA

Jenny Xie

event February 2025

7 min

Article

2026-02-28

Private equity Climate tech Private portfolio companies Private investing Venture capital Liquid alternatives & hedge funds Growth Private investments Video

WellSaid: Partnering with climate founders

Wellington head of private climate Greg Wasserman discusses his team's approach to helping private companies progress along their growth journey

By

Greg Wasserman, CFA

event February 2025

Video

2026-02-28

Macro and market Private investing Venture capital Private Investing Program Private companies Private equity Video

Venture capital roundtable: 2025 outlook

In this roundtable, we explore the short- and longer-term implications of Trump 2.0, share our views on the IPO and M&A environments, and dive into the potential impact of tariffs, labor scarcity, and a higher-for-longer interest-rate environment.

Multiple authors

event January 2025

18 min

Video

2026-01-31

Private investing Venture capital Private companies Private Investing Program Economic cycle ESG insights for private companies Private equity Mid-stage Early stage ESG Video

Private market perspectives

Hear from private market experts across our early-stage venture, climate growth, late-stage biomedical, late-stage growth, private credit, and ESG teams.

Multiple authors

event January 2025

5 min

Video

2026-01-28

Outlook Liquid alternatives & hedge funds Hedge funds Private credit Volatility Economic cycle Private equity Article

Alternative Investment Outlook

This collection provides timely ideas across the spectrum of alternative investments -- including hedge funds, private equity, and private credit.

By

Adam Berger, CFA

Alex King, CFA

event January 2025

Article

2025-12-31

Private company management Private equity ESG Private companies Private portfolio companies ESG insights for private companies Private investments Article

Governance best practices in public markets

For private companies approaching the public markets, we highlight the corporate governance best practices that can help pave strong relationships with public market investors.

Multiple authors

event December 2024

7 min

Article

2025-12-31

Biotech Venture capital Private equity Private Investing Program Liquid alternatives & hedge funds Health care Innovation Private investments Article

Private biotech: Immunology and inflammation’s third wave

Our experts discuss how I&I is building on industry progress to offer new treatment solutions and interesting opportunities for private biotech investors.

Multiple authors

event December 2024

5 min

Article

2025-12-01

Artificial intelligence (AI) Outlook Venture capital Content CoE Program Global Program Private equity Private investing Elections Article

Venture capital outlook for 2025: 5 key trends

Our venture capital experts are encouraged by the healthier environment for venture capital in 2025. In this year's outlook, they explore key themes for the year ahead, including: higher deployment, AI, rebounding IPOs, and impacts of the 2024 election.

Multiple authors

event December 2024

7 min

Article

2025-12-31

Outlook Private investing Private equity Venture capital Article

Private Investment Outlook

In our private market outlook collection, we explore the themes driving the rapid evolution of private credit and private equity markets.

Multiple authors

event December 2024

Article

2025-12-31

Food served on a table set outside, without people

Artificial intelligence (AI) Private investing Venture capital Private Investing Program Private equity Article

AI is hungry: What’s on the menu?

Our technology venture capital experts explore AI’s potential for disruption, highlight potential winners and losers, and dive deep into the innovation’s impact on the software industry.

By

Rob Mazzoni

Mark Watson

event November 2024

9 min

Article

2025-11-30

Impact Private portfolio companies Venture capital Private Investing Program Impact investing Private equity Impact measurement Private investments Sustainable investing Private investing Article

Measuring impact in venture capital

We highlight why venture capital matters to impact investors and how to authentically measure and manage impact in this asset class.

By

Oyin Oduya, CFA

event November 2024

5 min

Article

2025-11-01

Impact investing Private companies Sustainability Private investing Private equity Venture capital Liquid alternatives & hedge funds Equity Fixed income Impact Private company management Private portfolio companies Impact measurement Private investments Sustainable investing Article

Decoding impact expectations: best practices for impact investors and companies

We share three recommendations each for impact investors and companies to help them better understand and manage each other's expectations.

By

Louisa Boltz

Oyin Oduya, CFA

event October 2024

6 min

Article

2025-10-31

Private investing Venture capital Private company management Private Investing Program Private equity Americas Private companies Article ESG insights for private companies

Designing an executive compensation program: Five best practices for private companies

Our Value Creation Team highlights best practices for creating effective executive compensation programs for private companies approaching IPO.

Multiple authors

event October 2024

6 min

Article

2025-10-31

Venture capital Late stage Private equity Liquid alternatives & hedge funds Private companies Private company management Private investments Article

Private equity deep dive

We explore four key private equity questions to help investors better understand how these strategies compare and complement each other in a portfolio. In particular, we highlight the distinct opportunity sets, risk-return characteristics, and portfolio roles of venture capital and buyout strategies.

By

William Craig

Mark Watson

event September 2024

5 min

Article

2025-09-30

Private investing Equity Innovation Institutional Program Hybrid investing Private equity Active management Macro and market Private companies Article

When public and private markets converge

Wellington President Steve Klar discusses the evolution of the public and private markets and what it means for asset owners as they seek to tap into the growth potential of private companies and be more nimble in their investment approach.

By

Steve Klar

event September 2024

4 min

Article

2025-09-30

Private portfolio companies Private equity Business practices ESG insights for private companies Private company management ESG Article

Human capital management for private companies

We discuss why effective people management is critical for private companies and outline four strategic focus areas that can help companies navigate evolving employee needs, regulatory changes, and investor expectations.

Multiple authors

event August 2024

7 min

Article

2025-08-28

Private investing Venture capital Biotech Private Investing Program Private equity Private companies Article

Biotech IPOs in 2025: Quantity, quality, and best practices

We explore today's biotech IPO market, highlighting recent market trends, key characteristics for successful biotech IPOs, and best practices to sustain momentum as a public biotechnology company.

By

Nilesh Kumar, PhD

William Craig

event August 2024

4 min

Article

2025-08-31

Private investing Asia Venture capital Article Private Investing Program Private companies Private equity

Asia’s evolving venture capital market

What's next for Asian venture capital? After a decade of growth, we explore key questions and best practices for VC investors and private companies in the region.

By

Prakhar Singh

Mark Watson

event August 2024

6 min

Article

2025-08-31

Venture capital Artificial intelligence (AI) Private company management Private Investing Program Private equity Private investing Private portfolio companies ESG insights for private companies Article

AI governance for private companies

Explore the critical need for AI governance for private companies, addressing evolving risks, regulations, and best practices for responsible gen AI usage.

Multiple authors

event July 2024

8 min

Article

2025-07-30

Private equity Education Private companies Private Investing Program Private investments Article

Understanding private equity performance

We dive deep on best practices for measuring and benchmarking private equity performance. In addition, we outline the J-curve and the impact of fund lifecycle on returns.

By

William Craig

Mark Watson

event July 2024

Article

2025-07-31

Private portfolio companies Private equity ESG Private company management ESG insights for private companies Private investments Article

Cybersecurity for private companies

We highlight today's rising cybersecurity risks, explore how they impact private companies, discuss key regulatory considerations, and share best practices for companies facing these threats.

Multiple authors

event June 2024

8 min

Article

2025-06-30

Private investing Private equity Outlook Private companies Late stage Venture capital Article

8 emerging venture capital trends

We share eight of the themes driving venture capital markets in 2024, including capital efficiency, DPI, the IPO market recovery, and much more.

Multiple authors

event June 2024

7 min

Article

2025-06-30

Outlook Venture capital Private equity Liquid alternatives & hedge funds Growth Private companies Private investments Article

Venture capital outlook: Signals point to a brighter 2024

Our private investing team sees positive signals indicating that the recent downturn in venture capital may have hit bottom. Just as privates trailed the public market correction in 2022, we believe they will follow its recovery.

By

Michael Carmen, CFA

Mark Watson

event February 2024

Article

2025-01-31

Venture capital Private equity Private investing Liquid alternatives & hedge funds ESG Private company management Private portfolio companies ESG insights for private companies Private investments Article

Five key ESG topics for private companies in 2024

See where our ESG for Private Investments team is focusing to minimize investment risk and maximize company value in 2024 and beyond.

Multiple authors

event December 2023

Article

2024-12-31

Early stage Venture capital Private equity Liquid alternatives & hedge funds Private portfolio companies DEI Private investments Article Press release

Supporting the next generation of entrepreneurs

We highlight how Wellington Access Ventures, our early-stage VC platform, partners with historically underrepresented founders and offers the capital, resources, and networks that these companies have historically lacked.

Multiple authors

event October 2023

Article

2024-10-24

Private equity Private portfolio companies Climate Private investments ESG insights for private companies ESG Sustainable investing Article

Why climate change matters in private markets

We explore why climate change matters in private markets, highlight the current regulatory landscape, and profile key questions to expect from public market investors.

Multiple authors

event October 2023

Article

2024-10-31

Venture capital Private equity Private portfolio companies Private companies Late stage Private company management ESG Liquid alternatives & hedge funds Private investing Private investments Podcast

WellSaid: Partnering with portfolio companies

Co-head of private investing Michael Carmen explores how we partner with portfolio companies to help them along the "last mile from the private market to the public market" including on key ESG issues for private companies to consider.

By

Michael Carmen, CFA

event July 2023

Podcast

2024-07-24

Biotech Private equity Private companies Private investments Innovation Article

Biotech for the next decade: Private market innovations

We explore our latest research in private biotech innovation across immunomodulatory therapies, precision oncology, antibody drug conjugates, radiopharmaceuticals, genetic medicines, and a range of other novel treatment modalities.

Multiple authors

event July 2023

Article

2024-07-14

Outlook Private equity Private companies Volatility Private investments Article

The state of venture capital markets

Co-head of private investments Michael Carmen shares his outlook for venture capital markets, including the state of deal flow, valuations, and the IPO market.

By

Michael Carmen, CFA

event June 2023

Article

2024-06-30

Outlook Private equity Bank liquidity Volatility Interest rates Inflation Private investments Article

Private credit in a new regime

We explore how a shifting macro backdrop, ongoing banking crisis, and evolving competitive dynamics may create opportunities across private credit markets.

By

Emeka Onukwugha, CFA

Elisabeth Perenick, FSA, CFA

event June 2023

Article

2024-06-30

Private companies Private equity ESG Private portfolio companies Private company management ESG insights for private companies Private investments Article

A guide to ESG materiality assessments

We continue our "ESG insights for private companies" series by exploring ESG materiality assessments, including why they are important and how to conduct one for your private company.

Multiple authors

event May 2023

Article

2025-07-31

Private equity Private portfolio companies Equity Biotech Late stage Private company management WELLSaid Podcast No Optimizely Unique Perspectives Brand Private investments Podcast

Private biotech market: Innovation, valuations, and capital efficiency

Co-heads of biotech private investments I-hung Shih and Nilesh Kumar join host Thomas Mucha to explore today's private biotech market, highlighting the state of deal flow, valuations, and innovation.

By

Thomas Mucha

Nilesh Kumar, PhD

event May 2023

Podcast

2024-03-31

Biotech Private equity Fundamental equity Private companies Regulatory Private investments Article

Private biotech: Innovation amid disruption

We explore the state of the private biotech market, highlight key areas of innovation, and share three themes we expect to continue.

Multiple authors

event April 2023

Article

2024-04-03

Bank liquidity Private equity Volatility Private investments Quick Take

Private placement amid today’s financial distress

We explore how today's challenging environment impacts private credit markets, including its effects on spreads, issuance, and terms.

By

Emeka Onukwugha, CFA

Elisabeth Perenick, FSA, CFA

event March 2023

Quick Take

2024-03-30

Fintech ESG Private equity Global Industry Research Digital payments Alternatives investing Private investments Article Private portfolio companies

The role of ESG in fintech

Global Industry Analyst Matt Ross and Portfolio Manager Matt Lipton explore the role of ESG in fintech in this clip from their WellSaid podcast episode.

Multiple authors

event January 2023

Article

2024-01-31

Outlook Macro and market Economic cycle Private equity Fixed income Liquid alternatives & hedge funds Inflation Geopolitics Climate

Picture this: Our 2023 economic forecast in five charts

We explain the shifts the market is undergoing, analyze the implications for different asset classes, and identify potential risks and opportunities in a series of visuals.

event January 2023

2023-12-31

Digital payments Cryptocurrency Disruption Cloud computing E-commerce Information technology Financials Liquid alternatives & hedge funds Equity Private equity Global Industry Research Fintech program Video

Fintech opportunities after the recent pullback

In four short videos, our fintech investors explore the sector's outlook amid today’s dispersion and highlight the long-term growth potential in payments, fintech incumbents, and crypto innovation.

Multiple authors

event December 2022

Video

2023-11-30

Sustainability policies Liquid alternatives & hedge funds Article ESG insights for private companies Private portfolio companies ESG Private equity Business practices DEI Sustainable investing Alternatives investing

Governance best practices in public markets

For private companies approaching the public markets, we highlight the corporate governance best practices that can help pave strong relationships with public market investors.

Multiple authors

event August 2022

Article

2023-07-31

Outlook Liquid alternatives & hedge funds Hedge funds Alternatives investing Asset allocation Manager selection Portfolio construction Volatility Fixed income Private equity Article

Mid-2022 Alternative Investment Outlook

As allocators cope with economic uncertainty and market volatility, Multi-Asset Strategist Cara Lafond explains how alternative investments could potentially play a role in improving portfolio resilience and returns.

Multiple authors

event July 2022

Article

2023-08-31

Disruption Private equity Volatility Quick Take

How the public market correction is affecting the late-stage private equity market

The times they are a-changin’. The late-stage private equity market is digesting a public growth multiple collapse that took us from boom to bust in four months. But while valuations may be coming down in the private market as a result, the opportunity-creating trends of technology disrupting all parts of the economy and companies staying private longer remain in place.

By

Matt Witheiler

event May 2022

Quick Take

2022-09-30

Liquid alternatives & hedge funds Hedge funds Private equity Article Americas

Allocating to hybrid strategies: A multiple-choice decision

Multi-Asset Strategist Cara Lafond considers the options available to allocators deciding where hybrid or crossover strategies fit best in their asset mix.

By

Cara Lafond, CFA

event April 2022

Article

2023-05-31

14763_insight_five-esg-considerations-for-private-investors_screen-shot_1500x410

ESG Private equity Video

Five key ESG topics for private companies

Members of our private market ESG team highlight the topics they expect will be top of mind in the coming year, from diversity to data privacy to supply-chain issues.

By

Hillary Flynn

Celi Khanyile-Lynch

event March 2022

Video

2022-12-31

Outlook Private equity Macro and market Manager selection ESG Climate Alternatives investing Article

2022 Alternative Investment Outlook

Our 2022 Alternative Investment Outlook looks at 5 areas of focus for the coming year and explores private equity markets and ESG opportunities.

Multiple authors

event December 2021

Article

2022-12-31

Private portfolio companies Private equity ESG ESG insights for private companies Regulatory Liquid alternatives & hedge funds Venture capital Article

The critical role of ESG for private companies

Explore our full ESG insights for private companies series with our latest research on governance, DEI, climate, and much more.

Multiple authors

Article

2024-10-31

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