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The State of Private Markets in 2022

The State of Private Markets in 2022

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} .col_3 > div { width: 100% !important; padding-right: 5px !important; padding-left: 5px; margin-bottom: 20px; } .section-7 img { padding: 30px 5px; } .plr60 { padding-left: 0px; padding-right: 0px; position: relative; z-index: 1; } .blue-h2 { color: #002d97; font-weight: 600; line-height: 26px; text-align: center; font-size: 20px; } .blue-h { color: #002d97; font-size: 22px; line-height: 26px; } .section-7 h2 { font-size: 20px; line-height: 26px; } .section-5 h2 { font-size: 20px; line-height: 26px; } } @media (max-width: 1000px){ .sub-heading-kpm-2 { color: bLack; font-size: 16px; line-height: 24px; text-align: center; } div#custom-code { padding: 10px 0px !important; } .section-22{ padding: 10px 20px !important; } } @media (min-width:1280px){ .main-heading-kpm{ font-size: 35px !important; line-height: 55px !important; text-align: center; } .sub-heading-kpm{ font-size: 30px !important; line-height: 50px !important; } } @media (min-width:1680px){ .main-heading-kpm{ font-size: 45px !important; line-height: 65px !important; } .sub-heading-kpm{ font-size: 40px !important; line-height: 60px !important; } } </style> <div class="section-1" style="position:relative;"> <img class="bg3-2" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63c68058c6c70fa5531f845e_Asset%20301%404x.png"> <h2 class="main-heading-kpm">A NOTE FROM THE<br> <span>HEAD OF KRISTAL PRIVATE MARKETS</span></h2> <div class="section-11"> <div> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63c68057f765efcc3bf2862d_Asset%20296%404x.png"> </div> <div style="padding-left: 20px;"> <p style="text-align:left;" class="qo">Overall, we believe the trends we witnessed in 2022 will only benefit the private market space in the long run. The taming of irrational exuberance in private markets is often followed by a sharper focus on founder quality and business models, ultimately leading to a consistent outperformance shown by investments made during troughs of private market cycle to significantly outperform those made during more normal times. </p> <p style="margin-top: 30px;text-align: left;">Manmohan Mall<br> <b>Head, Private Markets</b><br> Kristal.AI</p> </div> </div> </div> <div class="section-2" style="position:relative;"> <img class="bg3-3" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63be4f782ba7e2699d496a21_Asset%20262%404x.png"> <div class="section-22" style="position:relative;padding: 30px 10px;z-index: 1;"> <img class="bg3-4" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63be59ba6c450a7f8cbb5e27_Asset%20263%404x.png"> <div class="container4"> <iframe class="responsive-iframe4" src="https://www.youtube.com/embed/LqAO6SKEKqo"></iframe> </div> <!-- <iframe width="560" height="315" src="https://www.youtube.com/embed/LqAO6SKEKqo" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> --> </div> </div> <div class="section-3"> <h1 class="blue-h main-heading-kpm">PRIVATE EQUITY AND VENTURE CAPITAL FUNDING IN 2022</h1> <h3 class="sub-heading-kpm-2">Global PE/VC funding has crossed US$ 677 billion as of 2022*</h3> <img class="full-image" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63c68057d9f5ec692d9dd542_Asset%20295%404x.png"> <span class="note">Source: S&P Global Intelligence Report</span> </div> <div class="section-4"> <div> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63bfdf50f41daf5b1d8c3823_Asset%20222%404x.png"> </div> <div> <p><span class="blog-blue size-xl">46%</span><br> of total <span class="blog-blue">VC deals</span> comprised of Mega-round funding </p> </div> </div> <span class="note">Note:</span> <span class="note"> 1. This data represents average figures up to Q3'22</span> <span class="note"> 2. Mega-round funding refers to a start-up raising US$100 million or more in a fundraising round</span> <div style="position:relative;" class="section-5"> <h2 class="sub-heading-kpm">Largest Equity Deals of the Year</h2> <img class="bg3-10" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63c4e3bc3b2b76027fbb1403_Asset%20265%404x.png"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63c6426f03ef9c2ac16931e8_Asset%20293%404x.png"> </div> <div style="position:relative; background: #EBE8E2;" class="section-6"> <h2 class="blue-h2 main-heading-kpm">KEY HIGHLIGHTS OF THE YEAR - VENTURE CAPITAL FUNDING LANDSCAPE</h2> <!-- <img class="bg3-8" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63c4dc43a45ec70d01143054_Asset%20267%404x.png"> --> <!-- <img class="plr60" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63bfe96d1fecb5389691d7c1_Asset%20232%404x.png"> --> <img style="width: 100%;" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63c7d980667b9ba9085d3e40_Asset%20308%404x.png"> <span class="note plr60" style="margin-bottom: 20px;">Source: CB Insights</span> <span class="note plr60">CVC refers to corporate venture capital</span> </div> <div class="section-7"> <h2 style="text-align:center;" class="sub-heading-kpm">Kristalโ€™s Early Stage Fund</h2> <p style="text-align:center;" class="content-defi">With Investments in early-stage companies witnessing continued interest from VCs as compared to their late-stage counterparts, Kristal.AI launched an early-stage fund where, accredited investors will get a chance to invest in a diversified portfolio of select startups.</p> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63c10b2bf02e2d1e39740b64_Asset%20236%404x.png"> <h3>Interested to know more about early-stage investing? </h3> <div style="text-align:center;"> <a class="rm-cta" href="https://help.kristal.ai/hc/en-us/articles/7021948650257-Kristal-Managed-Funds" target="_blank">Read More &nbsp;&#8594;</a> </div> </div> <div class="section-3"> <h1 class="blue-h main-heading-kpm">GLOBAL PRIVATE MARKETS: INTERESTING BYTES</h1> </div> <div style="position:relative;" class="section-4"> <img class="bg3-7" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63c4dcbc9bcbb4246d95d874_Asset%20271%404x.png"> <div class="w100-mob" style="width: 10%;margin-right: 20px;"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63c0f38b44d4cf91c5ea29f8_Asset%20240%404x.png"> </div> <div> <p>The US accounted for<br><span class="blog-blue size-xl">~50%*</span><br> of <span class="blog-blue">global funding</span> alone, raising a total of US$ 160.8B across 8800+ deals.<br> As for deal volume, the US accounts for 37%* of the global total, followed by Europe and Asia. </p> </div> </div> <span class="note">*Note: This data represents the average figure across regions up to Q3'22</span><br><br> <h3 style="margin-bottom:40px;" class="sub-heading-kpm-2">Globally, there are 1,248 active unicorns, with 68% of them located in the North American region, 38% in Asia, and 15% in Europe</h3> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63c6426fd1929c61a1d09a43_Asset%20289%404x.png"> <span class="note">Source: PitchBook<br> Note: This data is reflective up to November 1, 2022</span> <div class="section-4"> <div class="w100-mob"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63c11e4bc77fbca1b61a2ed9_Asset%20245%404x.png"> </div> <div> <p>The US accounted for<br><span class="blog-blue size-xl">37%</span><br> of <span class="blog-blue">global exits</span> were registered in the US alone, followed by Europe and Asia, with 36% and 14% respectively</p> </div> </div> <span class="note">Source: CB Insights<br><br>Note:</span> <span class="note"> 1. This data represents average figures across regions up to Q3'22</span> <span class="note"> 2. Exits include IPOs, SPACs, publicly announced M&A deals, and other liquidity events; only first exits are counted</span> <div style="position:relative;" class="section-8"> <img class="bg3-6" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63c4dd198ec264790d5bfc38_Asset%20272%404x.png"> <h1 class="blue-h main-heading-kpm">PRIVATE MARKETS: 2022 VERSUS 2021</h1> <div> <div> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63c1212113352a4fdab8992f_Asset%20248%404x.png"> </div> <div> <p class="content-defi">The year 2022 was one of cautious optimism. Investors turned wary of Fedโ€™s hawkish stance, geopolitical tensions, supply chain issues, and increasing inflation. The pessimism spilled over in private markets where the focus shifted from <b>โ€˜Growthโ€™ to โ€˜Profitabilityโ€™</b>. Compared to 2021, this year saw lesser tech IPOs and meaningful corrections in valuations. The deal volume is comparatively lower with smaller cheque sizes and increased focus on early-stage investments.</p> </div> </div> <h1 class="blue-h main-heading-kpm">PRIVATE MARKETSโ€™ 2023 OUTLOOK</h1> <p class="content-defi">Income-generating investments like <b>private debt</b>, offering low volatility and a low correlation to listed markets, will offer modest risk-adjusted returns in 2023. It is expected that a better tech stack, liquidity, and access would facilitate the <b>democratization</b> of investments in private markets. Furthermore, certain sectors are poised for increased growth including <b>early-stage startups</b>, as these startups offer better risk-reward profiles.</p> <div class="col_3"> <div> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63c64c8fd1929c3c84d14008_Asset%20294%404x.png"> </div> <div> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63c125270d96688644d9b330_Asset%20250%404x.png"> </div> <div> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63c1252764ca247e5938682b_Asset%20251%404x.png"> </div> </div> </div> <div class="section-1" style="position:relative;"> <img class="bg3-9" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63c6843da3ef2e2b1aae8ede_Asset%20302%404x.png"> <h2 style="text-align:left;margin-bottom: 40px;" class="sub-heading-kpm"><b>WELCOME 2023 WITH KRISTAL PRIVATE MARKETS</b></h2> <p class="content-defi" style="color:black ;font-size: 18px !important;line-height: 25px !important;">Kick start this new year with Kristal Private Markets to begin your new investment endeavors today!<br> With the help of our strong curation, wide sourcing capabilities, extensive network, and team of experienced professionals, we open doors to highly personalized private market investments to help you secure the right asset allocation for your portfolio.</p><br> <span style="color: black;position: relative;z-index: 1;" class="note">Source: CB Insights; S&P Global Intelligence; PitchBook</span> </div> <div class="gt-cta-4"> <a class="gt-cta-7" href="#">Get started &nbsp;&#8594;</a> </div><br>

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Kristal Private Markets

January 11, 2023

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