For Merrick McKay, European Head of Private Equity at Abrdn, the choice of investing in specialist Private Equity funds is an obvious one: " they bring operational excellence to the growth of the companies in which they have invested. I think it's now very difficult for a generalist fund, even a very strong one, in a given region, to compete with this specialization. " A view shared by Louis Flamand, Chief Investment Officer ofAltaroc.
In an interview with Altaroc, he also looks back at the evolution of the European Private Equity market since the last financial crisis, which has seen many managers adopt, as in the US, a trend towards sector specialization.
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Merrick McKay also explains the complexities of investing with oversubscribed managers.
" Fortunately for us, we've been in the market for 25 years, having invested with professionals who are the best in the business. We have an allocation and we don't want to lose it. "
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