Trends and Themes in Private Capital Markets in Europe

Private placement volume in Europe has slightly decreased from the peak in 2021, contrasting the increased trend in the US. Despite this, European private markets remain active and resilient, offering opportunities with unpriced capital raises, hybrid capital solutions, and earn outs to bridge valuation gaps. The global private credit markets have expanded, leading equity investors to explore structured strategies that combine equity upside with downside protection. Additionally, there is growth and innovation in secondary markets for private company shares.