Selin Bucak

Paris

Freelance Journalist at Freelance

Correspondent at Citywire

Freelance journalist & Citywire alts correspondent. Sign up to substack via: https://t.co/46SyJlBxZ5 Views my own...

Articles

'We're planning for higher for longer rates': Listed PE accepts new world

1 week ago | citywire.com | Jeremy Gordon |Selin Bucak |Himanshu Singh

It’s clear that some of the investment models from the last decade will not work in the current market environment, Francisco Velázquez de Cuellar, chairman and managing partner of Axon Partners Group, has said. Low interest rates had helped some managers to achieve growth in the past. But going forward, Charlotte Morris, partner at Pantheon International, expects there to be a rationalisation of the general partner universe.
Private assets funds fail to beat S&P 500 over long term

2 weeks ago | citywire.com | Selin Bucak |Olivia Bybel |John Schaffer

Private markets funds have been unable to beat the US large cap market over the past decade, according to data from State Street. The State Street Private Equity Index (SSPEI) highlighted that last year private markets strategies averaged a return just shy of 7.1%. That compares to the phenomenal returns of more than 25% in the S&P 500. However, the outsized returns of the US large cap market were not limited to 2024. Private markets funds still underperformed on a three, five, and 10 year basis.
The Elite AI expert shunning the technology to bet on simplicity

2 weeks ago | citywire.com | Sophie Downes |Miles Costello |Natalia Vasnier |Selin Bucak

Scott Decatur is no ordinary quant. He doesn’t dream of a gazillion data points, and a giant mega-computer that crunches through them all at lightning speed in pursuit of the perfect opportunity. Although he is intellectually fascinated by it, he has also declined to embed AI into his stock-selection system, arguing that its processing prowess doesn’t necessarily add anything and can actually be counter-productive. Nor does he endlessly tinker with the model he and his team have built. Nope.
Merger to cut fees on Atomos-run funds with OCFs as high as 3.71%

2 weeks ago | citywire.com | Sophie Downes |Daniel Grote |Natalia Vasnier |Selin Bucak

Investors in high-charging offshore funds run by advice consolidator Atomos are set for a reduction in fees when they are merged later this month. Paul Robinson, chief executive of VAM Funds, which operates the funds and markets them to offshore financial advisers, said charges were likely to fall by between 80 and 100 basis points following the merger, ‘and will be driven lower over time’.
Lack of 'great transparency' adds to persistent PE trusts discounts

2 weeks ago | citywire.com | Olivia Bybel |Selin Bucak |Joseph Eden

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Franklin CEO Johnson open to infra buys after credit acquisition

3 weeks ago | citywire.com | Selin Bucak

Franklin Templeton’s deal appetite is not yet sated, despite a private credit acquisition announced this week, with CEO Jenny Johnson telling Citywire she would love to own an infrastructure manager. The firm has completed a string of deals since 2018 to build up its private markets capability, now totalling $260bn in assets under management. Its purchases have included Benefit Street Partners, Alcentra and most recently European private credit specialist Apera Asset Management.
Coller partners with Allfunds for evergreen distribution

3 weeks ago | citywire.com | Selin Bucak |Olivia Bybel |John Schaffer

Coller Capital has partnered with Allfunds to distribute its two evergreen strategies. Coller Private Equity Secondaries and Private Credit Secondaries will be made available to the 19,000 accredited investors, wealth managers and family offices on the platform. CollerEquity, which was launched in July 2024, has so far attracted $871m in capital, and CollerCredit, which launched in October 2024, has $428m in assets under management. Already have an account?
Private markets players expect 50% retail flows by 2027

3 weeks ago | citywire.com | Selin Bucak |Olivia Bybel |John Schaffer

Participants in private markets investments are expecting a big boost in fundraising from retail investors over the coming years. A State Street survey of 500 institutional investors, including traditional asset managers and private markets firms, found that the majority of respondents (56%) now believe half of private market flows will come through semi-liquid vehicles marketed to individuals within two years.
Franklin CEO Johnson open to infra buys after credit acquisition

3 weeks ago | citywire.com | Selin Bucak

Franklin Templeton’s deal appetite is not yet sated, despite a private credit acquisition announced this week, with CEO Jenny Johnson telling Citywire she would love to own an infrastructure manager. The firm has completed a string of deals since 2018 to build up its private markets capability, now totalling $260bn in assets under management. Its purchases have included Benefit Street Partners, Alcentra and most recently European private credit specialist Apera Asset Management.
Permira benefits from US policy uncertainty as investors flock to Europe

3 weeks ago | alternativecreditinvestor.com | Selin Bucak

Global News, Top 3, UK News Ian Jackson, Permira Investors have reassessed their exposure to the US amid tariff uncertainty, which has benefitted Permira, according to the firm’s head of strategic opportunities.