Private equity review 2022

03 October 2022

As we move into the last quarter of 2022 we have taken the opportunity to pause and look back at the key developments that have impacted the industry this year as well as give some thought to the direction of the market.

The firmwide private equity practice has fed into this review allowing us to cover topics across the spectrum of house issues, fundraising, deployment of capital as well as general advisory issues. We hope that this will give you a unique insight into the state of the overall private equity environment from a legal perceptive. 

The full list of topics covered in the review document is available below. If you are interested in receiving a copy of the review, please get in touch

Policy issues that will impact private equity

House-related issues

Succession planning and GP stake sales

BEPS 2.0: Pillar Two implementation marches on 

UK non-domiciliaries

Recent Bluecrest case on salaried members

Data privacy


Fundraising environment 

Fund structure 

Retail capital; international regulation of the private fund industry

Co-investment continues to grow 

Legislating for GP-led transactions at the start of a fund's lifecycle

Carried interest tax changes

GP support financing options

Planned Solvency II reforms aim to unlock capital for investment

Government consults on sovereign immunity reform

Longer-term capital vehicles for real estate funds

Professionalisation of family offices and changes in investment habits

Deployment of capital

Continuation fund transfers

Ordinary course fund to fund transfers

Leveraged buyouts 

Rollover Co-Investments 

Take privates 

Acquisition finance

Direct lending and debt trading

Special situations / special opportunities 

Private equity real estate

The metaverse market opportunity

Are regulatory clouds looming for private equity acquisitions?

Litigation finance is becoming a mainstream investment class

General advisory

Disputes risks


Restructuring activity likely to increase

Outsourcing trends: getting stuff done, reducing costs, creating value and securing digital advantage

Employment status

Holiday pay

Industrial action 


Task force on climate-related financial disclosures


Data collection and the UN PRI Factor Map for private equity 

Private equity, nature and biodiversity 

ESG and the Internal Capital Adequacy Risk Assessment 

ESG and remuneration

The new way private equity adds value?