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Prior to browsing this website, please carefully read the disclaimer below. It indicates certain restrictions imposed by regulations regarding the dissemination and use of the information presented regarding the products and services offered by Private Corner.

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The information contained on the pages of this site is solely intended to present the expertise of Private Corner in the field of unlisted asset management.
They are not intended to:
- provide an exhaustive presentation of alternative investment funds (hereinafter referred to as "AIFs") managed by Private Corner;
- constitute an offer or solicitation to sell shares or units of any of the AIFs referenced on this site, to anyone in any jurisdiction where such an offer, solicitation, or distribution would be deemed illegal or where the person responsible for such offer or solicitation is not authorized to do so, or to any person to whom such offer or solicitation is prohibited.

Numerous restrictions and eligibility conditions, regulatory or statutory, not described or only briefly mentioned on this site, govern the subscription or acquisition of shares or units in these AIFs, their presentation and distribution methods by intermediaries (depending in particular on the investor's place of residence), eligibility conditions related to the investor (based in particular on their financial knowledge, financial resources, regulated or non-regulated status, variable categorization from one country to another), or the minimum investment amount required by the AIF's documentation.
In general, the AIFs managed by Private Corner are only intended for professional or equivalent investors.
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Q & A — 14 November 2024

Is there a good market timing in private asset investments?

Private equity investors often ask the question: is there such a thing as good market timing? In the unlisted sector, there are significant differences in performance between managers. And with interest rates rebounding, selectivity is all the more crucial. In particular, you need to identify whether now is the right time to gain exposure to a particular strategy. When it comes to unlisted investments, the notion of ‘market timing’ does not have the same meaning as it does on the stock market.

We are a fund management company providing private investors and asset management professionals with funds dedicated to unlisted investments. Are you interested? Our experts are at your disposal. Please do not hesitate to contact them:

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No daily valuation of unlisted assets

Investors accustomed to the stock market are often preoccupied with finding the right entry point, fearing that they will miss the next upward movement and be exposed just before a sharp fall. With unlisted assets, there is no need for this bias. In private equity, there is no daily valuation of assets. Admittedly, the price of unlisted deals is never totally independent of stock market fluctuations, since the valuation of listed companies provides points of comparison. However, the money entrusted to an unlisted fund will not be invested immediately. On the contrary: the investment phase (which can extend over four or five years) gives the fund manager considerable latitude in deciding whether or not to invest in the companies proposed to him or her, and therefore to pass up the opportunity to invest when valuations seem excessive.

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This natural smoothing of entry points into private equity should not prevent investors from gradually building up their allocation by spreading it across different strategies. More than market timing, what really matters when you invest by agreeing to tie up your money over the long term (generally around ten years) is gaining exposure to companies that are leaders in their markets, and therefore have significant growth potential through the cycles. The deterioration in the macroeconomic climate in recent months, rising inflation and interest rates, and geopolitical threats, mean that investors and their advisers are operating in an environment that is becoming increasingly difficult to understand, where the selection of management teams will be decisive.

Private equity creates value

If private equity has an advantage, it is that, on average, the support given to SMEs and SMIs by unlisted funds creates value. This is borne out by a study published by France Invest in December 2023, which looked at 407 company sales by French private equity players between 2012 and 2022. On average, the value of the shares was multiplied by 2.9 over the company's holding period, which averaged 5 years and 5 months. Investors in [https://private-corner.eu/en/newsroom/q-and-a/diversify-your-investments-in-non-listed-companies) should therefore focus on selecting the best management teams, those capable of doing better than this rather enviable average. Historical performance and the ability of certain managers to adapt to different economic phases, including periods of crisis such as 2008 or Covid, are crucial factors.

So it's not so much the right time as the right manager! As an intermediary, Private Corner's role is to evaluate teams in the fund-raising phase, document how they have delivered performance and observe how they have behaved in tense market phases.

Q & A

How much to invest in private equity

As the private equity market opens up to a much wider audience, the question of the ideal amount to invest is being asked more and more frequently.

Q & A

What is a private debt fund and how to invest?

Find out how a private debt fund works in France, its characteristics, advantages and associated risks, and how it differs from a private equity fund.

Q & A

Private asset investment funds, for whom and how to invest?

Unlisted investment: why, for whom and what solutions? Find out how to invest in unlisted companies (SMEs, ETIs, start-ups) and build up a portfolio of unlisted assets with Private Corner, a ‘digital native’ asset management company approved in 2020 by the Autorité des marchés financiers, which provides asset management professionals and their clients with an integrated investment platform dedicated to unlisted asset funds.