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Jessica Hamlin

Senior Financial Writer

Jessica Hamlin, a senior financial writer, covers private equity, pensions and endowments for PitchBook News, based in New York. Previously she wrote about private equity for Institutional Investor in New York. Jessica is a graduate of the Grady College of Journalism and Mass Communication at the University of Georgia.

ARTICLES BY CURRENT AUTHOR

Specialist healthcare PE fundraising fueled by big vehicles

A small number of specialist healthcare PE funds attracted a record amount of investor capital in 2023.
LPs

Survey: GPs plan to ramp up fees in show of confidence

In a survey of 100 global alternative asset managers, 19.75% of respondents said they expect to increase their firm’s management fees over the next 12 months.

PE braces healthcare services deals as add-ons fall

Despite a strong year in deal count that surpassed pre-pandemic levels, PE investors in healthcare services face challenges ahead.

Secondaries funds hit a low point in 2023, but is a rebound afoot?

In Q2 2023, secondaries funds underperformed the overall private capital market. But leveling valuations may have sparked a rebound in the second half of the year.

PE funds see short-lived revival

Private market fund performance recovered early last year. Then what happened?

The crowding-out effect

The rise of semi-liquid funds could crowd out large institutional co-investors.

LP interest in energy transition reflected in $10B Brookfield fund

Brookfield’s latest fundraise for its global energy transition strategy is indicative of sustained investor interest in climate infrastructure.

M&A marks 2nd-worst year in a decade

Total deal values of private market M&A marked some of the lowest figures since 2013.
LPs

Amid private wealth push, investors raise concerns about cherry-picking

Funds dedicated to high-net-worth clients could leave LPs vulnerable to less profitable deals compared to institutional clients.

SEC votes to ramp up SPAC regulation

An SEC vote to increase SPAC-related disclosures spurs debate over the future of blank-check companies.

On BlackRock’s expansion into everything

The firm’s latest acquisition is a monumental example of private equity’s deepening foothold in infrastructure. And BlackRock isn’t alone.

PE deals plummeted in 2023. Here’s why it won’t happen again in 2024.

Sluggish dealmaking in 2023 puts pressure on private equity firms to get deals done in 2024.

Healthcare PE investors proceed with caution in 2024

Healthcare-related PE deal value fell over 60% in 2023. And PitchBook analysts expect more declines in the new year.

Middle-market deals hit 6-year low

Following a period of resilience, US PE middle-market deals finally succumbed to interest rate pressures and repricing.

PE’s software surge is just beginning

While nowhere near the exceptional levels seen in 2021 and 2022, total global software PE deal count and value exceeded pre-pandemic levels in 2023.

Private capital fundraising timelines are getting longer and longer

In September, private capital fundraising timelines reached the longest they’ve been in a decade.

Investors turn to Japan for Asia-Pacific exposure

Despite the global market slowdown, Japan’s PE and VC deal counts are expected to remain on par with the figures of the past four years.

New shades of GP stakes expected in 2024

Investors remain optimistic about GP stakes deal volume in 2024 following a sluggish Q3.

LPs stay bullish on PE

In a survey of 500 institutional investors, 64% of respondents said they remain optimistic about PE’s performance.

Private equity talent isn’t going anywhere—for now

While recruiters don’t expect an impending flight from the industry, persistence of fundraising headwinds could cut PE headcount in the future.

Smaller GPs offer LPs co-investments to build trust

GPs, particularly those in the lower middle market, use co-investments as a way to establish LP relationships—an otherwise challenging feat given the lethargic fundraising environment.

Biden, Xi meet against backdrop of dwindling US investment in China

President Joe Biden met with President Xi Jinping of China for the Asia-Pacific Economic Cooperation summit in a highly anticipated attempt to curb mounting tensions.

Apollo SPAC liquidates in continued exit freeze

Apollo Global Management’s decision to liquidate and dissolve a SPAC is the latest byproduct of a frozen exit environment and declining valuations.

PE lands in middle of pack for secondaries fund returns

PE secondaries generated positive yet modest fund returns compared to VC secondaries, which came in with the weakest figures due to steep valuation declines, and real asset secondaries with the highest figures.

Private equity returns show signs of life

PE fund returns are trending positive and showing signs of a slight recovery after poor performance in 2022.

LPs prioritize performance to stick with top-quartile managers

With a tightened exit environment and limited distributions, LPs prefer top-quartile funds over middle-tier and emerging managers.
LPs

Short election periods for secondaries frustrate LPs

At SuperReturn North America, the debate continued between LPs and GPs on the length of election periods in GP-led secondary transactions.