Your Experts for the European Market

📍 𝐓𝐡𝐞 𝐏𝐎𝐋𝐀𝐑𝐈𝐒 𝐭𝐞𝐚𝐦 𝐢𝐬 𝐡𝐞𝐚𝐝𝐢𝐧𝐠 𝐭𝐨 𝐀𝐦𝐬𝐭𝐞𝐫𝐝𝐚𝐦 𝐟𝐨𝐫 𝐒𝐮𝐩𝐞𝐫𝐑𝐞𝐭𝐮𝐫𝐧 𝐄𝐮𝐫𝐨𝐩𝐞!

From November 3–6, we'll be on site to connect with private market professionals from across Europe and beyond.

And our 𝗦𝗶𝗴𝗵𝘁𝘀𝗲𝗲𝗶𝗻𝗴 𝗥𝘂𝗻 is back as the official run of @[SuperReturn](urn:li:organization:10285121) Europe on 𝗪𝗲𝗱𝗻𝗲𝘀𝗱𝗮𝘆, 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟰, 𝗮𝘁 𝟳:𝟬𝟬 𝗮𝗺 an early start, the city on foot, and the conversations the conference floor rarely makes room for.

📩 Places are limited. If you'd like to join us, send us a private message or write to events\@polaris-investments.com

Thank you to @[Future Standard](urn:li:organization:1966276) for sponsoring the run, to @[Brackendale Consulting](urn:li:organization:3273782) for their support, and to @[Informa](urn:li:organization:164356) for welcoming us!

{hashtag|\#|POLARIS} {hashtag|\#|SuperReturn} {hashtag|\#|PrivateEquity} {hashtag|\#|PrivateMarkets} {hashtag|\#|Amsterdam}

🌞 30°C and a buzzing crowd in Zurich – it must be time for our annual tradition at @Private Equity Insights! This week, POLARIS Managing Partner @[Stefan Brägger](urn:li:person:tz4DJW2pSM) had the pleasure of moderating the panel "𝐋𝐏 𝐏𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞𝐬: 𝐀𝐧𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐍𝐞𝐱𝐭 𝐖𝐢𝐧𝐧𝐞𝐫" at PEI Zurich.

A big thank you to our LP panelists – @[Cyril Demaria](urn:li:person:639bkeYPlU), @[Marie Pestalozzi](urn:li:person:l9MJFaqwHO), @[Marina S.](urn:li:person:NyyT1dD6qQ), and @[Laurent D.](urn:li:person:5ijoF\_\_Ggd). The discussion was candid, timely, and rich with insight. Here are our key takeaways:

🔹𝐌𝐚𝐫𝐤𝐞𝐭 𝐭𝐢𝐦𝐢𝐧𝐠 𝐢𝐧 𝐏𝐄 𝐫𝐞𝐦𝐚𝐢𝐧𝐬 𝐚 𝐦𝐲𝐭𝐡 – consistent deployment across vintage years, not short-term timing, is still the winning strategy, according to our panelists.
🔹𝐄𝐮𝐫𝐨𝐩𝐞’𝐬 𝐦𝐨𝐦𝐞𝐧𝐭?While the U.S. still dominates many LP portfolios, Europe has delivered stronger realized performance over the past five years. Sentiment is improving, with multiple European GPs recently raising oversubscribed funds.
🔹 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 – helpful or harmful? Public initiatives like the Tibi program in France aim to drive local innovation, but they can also distort markets and lead to suboptimal outcomes. It's a double-edged sword.
🔹 𝐋𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 𝐫𝐞𝐦𝐚𝐢𝐧𝐬 𝐭𝐢𝐠𝐡𝐭 –unconventional exits and continuation funds are still viewed cautiously by LPs, unless there's clear alignment and value for all stakeholders.
🔹 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐞𝐧𝐠𝐢𝐧𝐞𝐞𝐫𝐢𝐧𝐠 𝐢𝐬 𝐨𝐮𝐭; 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐯𝐚𝐥𝐮𝐞 𝐜𝐫𝐞𝐚𝐭𝐢𝐨𝐧 𝐢𝐬 𝐢𝐧 –our panelists agreed that the winning playbook has changed. With leverage and multiple expansion less available going forward, true value creation must come from growth and transformational strategies. 
🔹 𝐓𝐨𝐩-𝐝𝐨𝐰𝐧 𝐬𝐞𝐜𝐭𝐨𝐫 𝐭𝐡𝐞𝐦𝐞𝐬 𝐦𝐚𝐭𝐭𝐞𝐫 –LPs are increasingly focused on adding sector specialists to their \(mature\) portfolios. Energy transition, industrial tech, and healthcare were identified as attractive investment opportunities and potential future winners. 
🔹 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐢𝐬 𝐚 𝐡𝐨𝐭𝐬𝐩𝐨𝐭 – demographic trends, rising digitization, and inefficiencies offer investment potential, particularly in tech-enabled and value-based care. But high valuations and regulatory complexity require disciplined underwriting.
🔹𝐒𝐦𝐚𝐥𝐥 𝐚𝐧𝐝 𝐦𝐢𝐝-𝐜𝐚𝐩 𝐫𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞 –these segments have historically outperformed during downturns and offer greater exit flexibility compared to large-cap buyouts.

👋 A huge thanks to the audience who chose our session over two others – and to our panelists for the thoughtful exchange. And of course, thank you to Private Equity Insights for the kind invitation and for hosting another standout event in Zurich!

{hashtag|\#|PrivateEquity} {hashtag|\#|LPInsights} {hashtag|\#|Zurich} {hashtag|\#|PEI2025} {hashtag|\#|PolarisInvestments} {hashtag|\#|NextWinner} {hashtag|\#|PrivateMarkets}