Inside Private Equity - June 4, 2025 issue

This episode explores the growth of the private equity secondary market, which is currently estimated to be worth approximately $150 billion in annual transactions. Frédéric Stolar explains that this market remains limited compared to the overall private equity stock, valued at nearly $6 trillion, but that it is expected to continue growing thanks to two drivers: the expansion of the primary market and the gradual increase in institutional portfolio turnover.The program then highlights Nomadia, a French company specializing in SaaS solutions for mobile professionals. Its CEO, Maxime Dubois, explains how the company helps businesses optimize their routes, reduce mileage, and improve productivity. With support from the HG fund, Nomadia aims to accelerate its international expansion, strengthen its technology platform, and become a European leader in field-based services. Julien Krantz of Invest Europe presents the key findings from the latest study of the European private equity market. In 2024, investments reached €126 billion in Europe, supporting more than 8,000 companies. Despite an uncertain macroeconomic environment, private equity reaffirms its role in financing innovation, SMEs, employment, and European industrial sovereignty. Louis Flamand then explains why investors can “sleep soundly” with a private equity portfolio. Apparent volatility is lower than in public markets, particularly due to conservative valuations of portfolio companies. Managers often apply a discount relative to the actual exit value, creating a buffer of prudence, even though risks related to liquidity, capital loss, and macroeconomic sensitivity remain. Antoine Colson, head of IPEM, describes the importance of major international private equity events. These events allow institutional investors, sovereign wealth funds, pension funds, and family offices to meet with managers, compare strategies, and access information that is otherwise difficult to obtain. He also highlights the rise of evergreen funds, which are better suited to private clients due to their ease of access, relative liquidity, and operation that more closely resembles traditional savings products.Finally, Samy Wardini, co-founder of Ramify, shares the perspective of a digital investment platform. He confirms the growing interest among individual investors in private equity, particularly through products that are more transparent, more accessible, and easier to integrate into a diversified asset allocation.