Good morning, John R Fischer here in the New York newsroom with the US Wire.
Welcome to the ICYMI edition of the Wire. We're focusing today's newsletter on the stories that are proving the most popular on PE Hub this April.
First up is our special report on how the PE industry is navigating the turbulent tariff waters. Our coverage focuses on interviews with dealmakers from firms including Apollo Global Management, Kinderhook Industries and Onex about the impact on dealmaking, fundraising and secondaries.
You can also tune into our special podcast, in which PEI Group editors, including PE Hub’s MK Flynn, share insights on the tariff topic gleaned from dozens of interviews with PE thought leaders throughout the first half of April.
Another popular feature on PE Hub this month is my story on trends driving PE firms like Goldman Sachs and Shore Capital to invest in the autism sector. April is Autism Acceptance Month.
Our annual special report on women in PE, published on March 31, remains a favorite this month. Below, I’ll share insights from our Women in PE, Class of 2025 on how to carve out leaderships positions in the private equity industry.
Tariffs: Boon or bust
April has seen public markets act as an increasingly volatile referendum on every policy gyration coming from the White House. Though in the near term some of this threat has abated, the recent moves regarding tariffs underscore the uncertainty and volatility facing private equity firms and their investors globally this year.
Private equity professionals may not face daily repricing. Still, they can hardly afford to avoid thinking through how geopolitical events such as tariffs and trade tensions will impact their own businesses.
Our editorial teams from Buyouts, PE Hub and Private Equity International contacted a broad range of thought leaders from the industry to get their insights on the situation, both on the record and on background. A wait-and-see attitude predominated.
Upgrade to the premium edition of the Wire to read insights from a wide range of PE thought leaders, including David Sambur, co-head of equity, Apollo Global Management; Tom Tuttle, Liam Rogers, managing directors, Kinderhook Industries; Amir Motamedi, managing director, Onex.
Tune into the editors’ podcast here.
Supplying demand
Demand for autism care outweighs the available supply of services in the US. These unmet needs are incentivizing private equity firms to invest in opportunities to build, grow and sell platforms in the sector. I interviewed several dealmakers at PE firms investing in the subsector.
Upgrade to the premium version of the Wire to read about deals involving Goldman Sachs Alternatives, NMS Capital, Shore Capital Partners, Tenex Capital Management.
Different voices
Times being what they are, our annual Women in PE edition, normally a celebratory list highlighting 10 women influencing the private equity industry, is tied up in the contemporary political fray. As we explain in ouraccompanyingstory, LPs are caught in the headlights of the government’s anti-DEI initiatives.
Despite this challenge and the dismantling of DEI, Allison Klazkin, a partner at Cortec Group, advises: “Enter every boardroom with confidence. Bring your opinions. Bring your thoughts.”
Upgrade to the premium version of the Wire for more insights and profiles of leaders showcased in the special report, including Brooke Sorensen, partner, Apollo Global Management; Sophia Popova, partner, Summit Partners; Neha Jatar, managing director, EQT; Katie Ossman, partner, Water Street Healthcare Partners.
That’s it from me. Before I sign off, Happy Easter to those celebrating this weekend.
Schedule Note: Monday is a bank holiday in the UK, so there will be no Europe Wire. MK Flynn will bring you the US Wire on Monday, as usual.
Cheers,
John
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