Periods of acute geopolitical uncertainty have a way of separating investment managers who build value from those who have simply ridden a favourable cycle.
With capital flows being redirected, exit timelines extending, and the assumptions that underpinned dealmaking for much of the last decade under quiet revision, the case for active portfolio management has rarely been more apparent.
Founding Partner Patrice Mesnier spoke with Bloomberg on how geopolitical tensions are reshaping the private equity landscape, and why the pressure on managers to generate value internally, rather than rely on multiple expansions, may intensify from here.
Read the full article here:
https://www.bloomberg.com/news/newsletters/2026-03-04/blackstone-s-400-million-bcred-booster-shot
Quotes from Oldenburg
“Exits are likely to be postponed, which increases pressure on managers to create value internally rather than relying on multiple expansions.”
“These environments tend to differentiate managers who actively manage risk and operations from those who mainly benefit from abundant liquidity.”
— Patrice Mesnier, Founding Partner