The Great Private Equity Pivot | Adam Turtle, Rede Partners
Adam Turtle, co-founder of Rede Partners, joins host Ross Butler to break down the realities of the prolonged private equity fundraising slowdown. Rather than a pure liquidity crisis or denominator effect, Turtle explains how institutional LPs are executing a strategic realignment away from previous orthodoxies like SaaS and towards AI-resilient sectors, defence, and middle-market funds. They examine fund structuring, GP selection, the risks of elevated hurdle rates, GP stakes, and how fundraising advisory has evolved from rolodex sales into strategic storytelling.
- Institutional LPs are not pinned against hard allocation caps; Adam Turtle of Rede Partners reports that most investors sit squarely in the middle of their target bands. Read →
- Only one European buyout firm, EQT, ranks among the global top 10 mega-managers, leading critics to claim European private equity lacks ambition compared to American giants. Read →
- Host Ross Butler points to five consecutive down years in global private capital fundraising, but Rede Partners co-founder Adam Turtle rejects the popular excuse that LPs lack cash. Read →
- Raising private equity hurdle rates from 8% to 12% risks leaving carried interest completely out of the money across normal market vintages. Read →
- Adam Turtle of Rede Partners argues that taking check-writers indiscriminately creates structural bottlenecks when managers try to scale past €1 billion. Read →
- Rede Partners co-founder Adam Turtle reports closing funds in as little as three months from first to final close, marking some of the firm's fastest fundraisings in twelve months. Read →