Johanna Kyrklund

We're proud to announce a key milestone in the first close of our Digital Infrastructure Fund and associated co-investments, with total commitments at first close of c.€600m, including a cornerstone investment from L&G*. Infrastructure, across both debt and equity, is a key tenet of our expanding Private Markets platform and a global investment opportunity. As early investors in digital infrastructure, we've built strategic partnerships and deployed capital into assets that are essential to economic resilience and long-term productivity. https://lnkd.in/g643H8JT For professional clients and qualified investors only. Capital at risk. *Source: L&G internal data as at 8th Sept 2025.

131

1 Comment

It's not difficult to fix the UK... The chart below show the ONS's latest data on the total UK net worth, at the end of June, over £13 trillion. Private and Public. After liabilities. Bloody strong! In comparison annual GDP is £2.8 trillion. Public sector debt, as we know a similar amount. Most of this net worth is in the private sector, which is very robust and under-levered. All the Government and UK Institutions (regulators, managers, unions, courts, inquiries etc..) need to do is get a bit out of the way and let the private sector do its thing, and exploit it's entrepreneurialism, very strong balance sheet and cash reserves to deliver. And getting out the way means Government spending as a % of GDP to fall, tax reforms to be focused on incentivising the private sector to grow and the public sector to be more productive, and any UK institution (public and private) that regulates, or taxes, or legislates, or supervises to be incentivised to reduce the friction of what they do by 25% (i.e. surgeons in the NHS to have 25% less paperwork). Vamos! It's not rocket science.

168

42 Comments

Active management was never meant to be easy. We can’t all outperform and behavioural traps lie around every corner. Tactical asset allocation, in particular, is often set up to fail, with a small number of big decisions, made infrequently by a committee of senior people with limited individual accountability. I wrote a short piece on how - and how not - to design a top down investment process. Credits to C. Northcote Parkinson and Daniel Kahneman. Who votes we break for lunch? https://lnkd.in/eRMRq-PU

78

11 Comments

For UK Professional Investors only. Capital at risk. Happy to be featured in Financial News discussing the future of long-term asset funds (LTAFs) and their potential role in the UK wealth market. Many thanks to David Ricketts for the thoughtful write-up. At Aviva Investors, we’ve long believed in the value of LTAFs for corporate defined contribution schemes, but there’s growing interest in how these funds might support wealth clients too. We’re actively exploring how to tailor LTAFs to suit wealth managers, including the right balance between private and liquid markets, and thoughtful liquidity design. With the tools already in place, we’re well positioned to move quickly as demand becomes clearer. Read the full article here: https://bit.ly/45geen1 #LTAFs #AvivaInvestors

74

1 Comment

Really enjoyed sitting down with IMpower FundForum to discuss some of the critical themes we at KKR believe wealth investors should have on their radar: 𝐓𝐡𝐞 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐀𝐩𝐩𝐞𝐚𝐥 𝐨𝐟 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 Wealth investors are increasingly drawn to private markets in light of contracting opportunities in public markets and the limitations of traditional 60/40 portfolio models in providing adequate diversification. 𝐓𝐡𝐞 𝐂𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐜𝐞 𝐨𝐟 𝐌𝐚𝐧𝐚𝐠𝐞𝐫 𝐒𝐞𝐥𝐞𝐜𝐭𝐢𝐨𝐧 Selecting the right investment manager carries even greater weight in private markets, where expertise and approach can significantly impact outcomes. 𝐕𝐚𝐥𝐮𝐞 𝐂𝐫𝐞𝐚𝐭𝐢𝐨𝐧 𝐓𝐡𝐫𝐨𝐮𝐠𝐡 𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐚𝐧𝐝 𝐑𝐞𝐬𝐨𝐮𝐫𝐜𝐞𝐬 It’s important to remember that a manager's established track record, institutional scale, and robust resources directly contribute to consistent, repeatable value creation strategies. 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐢𝐧 𝐕𝐨𝐥𝐚𝐭𝐢𝐥𝐞 𝐓𝐢𝐦𝐞𝐬 Despite recent market turbulence, the case for private market investment has actually strengthened. This underscores the importance of maintaining long-term investment discipline rather than reacting to short-term market noise. I hope you’ll give our conversation a watch:

102

1 Comment

“An IPO could value Shawbrook at as much as 2 billion pounds ($2.69 billion” “The bank's private equity owners had previously explored a number of deals with rival lenders over the past two years, including Metro Bank and Co-op Bank” Good news for London, but the truth is that many UK companies are still choosing to list on foreign exchanges to achieve higher valuations. https://lnkd.in/epZFrS_H #Shawbrook #exitstrategy #IPO #exitlaunchpad

87

11 Comments

Proud to see the work of our Private Markets Research team featuring in the Financial Times' Alphaville this week, a testament to the quality of the work our team produces. Led by David Hedalen and Nick Fisher, the team's quarterly 'Illiquidity in private debt' research analyses thousands of private debt transactions, representing more than £35bn, as it attempts to quantify what is often thought of as being an elusive concept. 📈 The result? A clearer picture of how private debt pricing compares to public debt, where relative value opportunities might sit, and a valuable contribution to the broader conversation around risk, return, and transparency in Private Markets. Read the full article here 👉 https://on.ft.com/419McrZ #PrivateMarkets #IlliquidityPremium

85