Doug Manor, Managing Director, Neuberger Berman Private Markets, provides an overview of private equity markets and an outlook based on trends in the marketplace.

For Q1 2024, based on preliminary analysis, NB Private Markets currently anticipates that buyout funds (including growth equity) will increase in value by an average of 1.3% in USD while venture capital funds will decrease in value by 1.2% in USD on average. For the last twelve months, preliminary reporting indicates that buyout funds increased by a value of 7.5% in USD while venture capital funds decreased by a value of 3.6% in USD.

As private equity funds begin to report their Q1 2024 valuations, NB Private Markets proactively monitors these releases and performs analysis to obtain a preliminary sense of valuation changes in the private markets. Our analysis is conducted off a broad sample of private equity funds and can be useful in formulating forward-looking expectations for valuation marks.