KPMG Private Equity Connect - Spring 2025

We were proud to bring you the 2025 Spring edition of our Private Equity Connect sessions in Guernsey, London and Jersey.

Slides from the events are available to download below.

The global private equity sector is constantly facing new demands and evolving challenges.  Entering 2025, the sentiment of PE investors was cautiously optimistic, driven in part by an uptick in global PE deals activity. Many investors believed that macroeconomic uncertainties were beginning to stabilise, and that the pressure for distribution to paid-in capital would pave the way for an increasingly active investment environment.  So far, the 2025 reality has been more subdued, with the deal count dropping. A diversity of issues caused global PE investors to become more cautious, including concerns about trade flows, pricing volatility, interest rates, US tariff policies, and the potential for trade wars. Despite the uncertainty, global PE investors continued to focus on sectors with long-term growth potential and predictable upsides.

As always was fantastic to engage with our guests at all three of our events and discuss current experiences.

• Matt Thomas outlined topical matters evolving in the PE tax space. 

• Sarah Hume and Matt Stubbington presented a PE market overview, provided valuation insights and unpacked the findings from the recent FCA’s private markets valuation thematic review. 

• Natalie Shields shared her perspectives on key developments, future outlook and emerging opportunities in the light of the IPO market, go-private trends and recent investment trust performance. 

• The session closed with a KPMG expert panel which includes Varun Vohra from our London Private Equity Group and Antony Prynn who leads our KPMG Island Group M&A practice, followed by a Q&A session with the audience.

Tuesday 20 May

• Serena Bell outlined topical matters evolving in the PE Tax space;

• Varun Vohra and Jeffrey Parongan presented a PE market overview, provided valuation insights and unpacked the findings from the recent FCA’s Private Markets valuation thematic review;

• Natalie Shields shared her perspectives on key developments, future outlook and emerging opportunities in the light of the IPO market, go-private trends and recent investment trust performance.

• Our session was rounded off by a fireside chat with Jonathan Martin and Ben Honeywood.

• Jennifer McLemore outlined topical matters evolving in the PE Tax space;

• Admire Muranganwa and Jeffrey Parongan presented a PE market overview, provided valuation insights and unpacked the findings from the recent FCA’s Private Markets valuation thematic review;

• Mark Ashburn shared his perspectives on key developments, future outlook and emerging opportunities in the light of the IPO market, go-private trends and recent investment trust performance.

• Session closed with a KPMG expert panel including Jeffrey Parongan, Ben Honeywood, Mark Ashburn and Nick Stevens, followed by a Q&A session.