Multiple:X The Rise of Growth Equity

For more than 30 years, buyout firms have been at the centre of the private equity (PE) activity. However, in the last ten years, their share of assets declined from 62% to 41%, while other asset classes such as growth equity has risen.

Growth equity is an asset class that lies between buyout, investments in mature and positive cash flow companies, and venture capital, investment in start-ups with high growth potential. In comparison, growth equity funds invest in relatively mature companies looking for capital to expand their businesses.

We will understand the reasons behind the rise of growth equity and the trends shaping this asset class as more GPs compete in this market.

We will be joined by Mark Beith from APAX Digital and Christian Stein from Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners.

Mark Beith is a Partner of Apax Digital and leads the team in Europe. He focuses on minority and buyout investments in high-growth software, internet and tech-enabled services businesses. He joined Apax in 2017 and has over 15 years of experience.

Chris is a Director of PSG in the London office since 2020. Previously, he was a director at Hg, where he focused on B2B software investments across Europe and the U.S.

Session will be moderated by Richard Bland, LBS Head of Finance Careers with focus on the Private Equity sector.

Multiple:X is an annual Private Equity and Venture Capital Conference hosted by London Business School for the past 16 years. Conference attracts over 500 practitioners, students and other industry participants to provide a prestigious platform for rich debate, knowledge sharing and networking.

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