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The Wire

Jan. 4, 2022

The Riverside Company’s Pam Hendrickson sifts through the Covid noise

Happy New Year, Hubsters!

 

At the Hub, we’re back on duty after the holidays, rested and ready for what we expect will be another robust year for private equity, despite new challenges from Covid.

 

Before we get started, let me introduce myself to those of you who don’t already know me. I’m Mary Kathleen Flynn (also known as MK), and I joined PE Hub last month as editor-in-chief. I’ve been covering private equity for about 15 years, most recently as the EIC of Mergers & Acquisitions, and before that as a senior editor at The Deal. A tech reporter before moving into financial news, I worked in the past at U.S. News & World Report and PC Magazine and also spent several years as a broadcast reporter at CNN and MSNBC.

 

We’ve got some exciting things coming up this year at the Hub, and I’m delighted to be here! As I settle into the new job, I’d love to hear from you. Send me PE deal news, trends and tips at: [email protected].

 

2022 Outlooks. Now onto what’s on the Hub today: One of the first things I did when I arrived was to reach out to a handful of high-profile PE pros to ask for their forecasts for 2022. This week, we’ll be running their answers to key questions, including: Which sectors will offer the biggest opportunities? How will covid affect dealmaking? What about inflation? What role will ESG play this year? 

 

Today, we kick off the Q&A series with Pam Hendrickson, vice-chairman of The Riverside Company, who shares her insights. Check back later in the week for our Q&As with: David Grain, CEO and founder, Grain Management; Zia Uddin, president, Monroe Capital; Brad Bernstein, managing partner, FTV Capital; and  Beatrice Mitchell, co-founder and managing director of Sperry, Mitchell.

 

HOUSEKEEPING: A reminder: we’re looking for your recommendations for rock star women in private equity, mostly on the deal side (which has been historically male-dominated). Deadline to get in your recs is January 17, for publication in March. Our annual Women in Private Equity project comprises 10 mini-profiles of highly regarded women in the industry and a feature story about some burning topic around the status of women in the industry. Check out our past coverage of Women in PE here. Reach Buyouts editor Chris Witkowsky with questions and recommendations at [email protected].

 

Read the full wire commentary on PE Hub ...

Also of note (may require subscriptions)

Ask the experts: Five big names forecast what lies ahead in 2022 and tackle questions such as: Will dealmaking roar on or will GPs instead exercise restraint? Will vigorous fundraising continue or will LPs pull back? And how will the industry manage a full agenda of pressing issues, including everything from ESG to transparency? (Buyouts)

 

Opportunity: Stan Miranda, co-founder and chairman of Partners Capital, on the unprecedented opportunity that is climate impact investing and the 'very short' list of talent to capitalise on it. (New Private Markets)

 

IPO Watch: TPG aims for over $9 billion valuation in U.S. IPO. The firm is an investor in Airbnb Inc. Uber Technologies Inc. and Spotify Technology SA. (Reuters)

 

All About That Tech: PE-backed tech deals soared in 2021. Private equity firms backed more than $400 billion in U.S. tech deals last year, up from about $196 billion in 2020, finds Dealogic. (Wall Street Journal)