Augentius annual survey: Cybersecurity not Brexit seen as key threat

Managers active in the private equity and property sectors are more concerned by cybersecurity threats than the possible impact of Brexit negotiations, according to the latest annual survey by Augentius, a global administrator.

Its survey of over 100 manager and investors globally provides a snapshot of key expectations in the industry. This year’s findings point to positive expectations coming off 2017, but with diverging outlooks; managers in the US and Asia are more optimistic about continuing improvements to market conditions when compared to UK and Continental European managers.

Also diverging are considerations of key challenges. US and Asian managers are focused on fundraising and investment opportunities. UK and Continental European managers see market and tax regulation as their biggest headaches.

Investors remain cautious. The majority said they found 2017 either the same or less attractive than the previous year, the study suggests.

Ian Kelly, group CEO of Augentius (pictured), said: “Despite all the political dislocations of the past two years, our annual surveys have tracked a steady improvement in sentiment among private equity and real estate managers across the globe. While it’s good to see this trend continuing in the US and Asia, the feeling among UK and European managers is slightly more subdued.”

“More worrying is the contrast in outlook and predictions for the sector between managers and investors, suggesting a nagging disconnect between the two and highlighting the importance of good LP/GP communication.”

Brexit key

While negotiations have so far yielded little clarity on how, if at all, Brexit will affect the European private equity and property landscape, the impact on the industry seems muted with around half of managers having seen no real effect and very few investors reporting an adverse effect on their view of Britain as a destination for capital, Augentius survey suggests.

“The fact that a significant portion haven’t yet seen any effect and investors seem unperturbed suggests that the general lack of detail is causing many to take a ‘wait and see’ attitude before making any big decisions,” Kelly said.

To view the survey results, click here: Augentius 2018 Annual Survey


Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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