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Markets Summit 2024: Private equity outperforms, with less volatility


For the last two decades, private equity has consistently outperformed the public market, through market cycles and with less volatility. Private equity has won the debate in the minds of institutional investors, with the majority allocating an overweight position. However, an even greater opportunity for alpha exists in the mid-market, where there is comparatively less capital competing for a broader set of investable opportunities. In 2023, private equity continued to show the superior opportunity for returns in the mid-market. Looking forward, the outlook for private equity is stronger, powered by intergenerational wealth transfer, a stabilising macro environment, a large universe of investable opportunities, and the declining number of public companies.

Presented by Justin England, CAIA, Managing Director, Five V Capital, at Portfolio Construction Forum Markets Summit 2024.


This communication was prepared by Five V Capital Pty Ltd (ABN 29 162 193 928 / AFSL# 463 130) as investment manager of Five V Fund III, Five V Fund IV, Five V ESVC Fund I and Five V ESVC Fund II and Five V Horizons Fund.

It contains general information only and has been prepared without taking account of any person’s objectives, financial situation or needs. It is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making a decision in relation to investment. Any persons relying on this information should obtain professional advice before doing so.

Before making an investment decision, you should consider the relevant offer documents (including the Information Memorandum) which are available via email at and assess whether the product is appropriate to acquire and hold given your objectives, financial situation or needs. While Five V Capital Pty Ltd believes the information contained in this communication is reliable, no warranty is given as to its accuracy, reliability or completeness and persons relying on this information do so at their own risk.

Subject to any liability which cannot be excluded under the relevant laws, Five V Capital Pty Ltd disclaims all liability to any person relying on the information contained in this communication in respect of any loss or damage (including consequential loss or damage), however caused, which may be suffered or arise directly or indirectly in respect of such information.

Any opinions and forecasts reflect the judgment and assumptions of Five V Capital Pty Ltd and its representatives on the basis of information at the date of publication and may later change without notice.

Any projections contained in these presentations are estimates only and may not be realised in the future.

Past performance is for illustrative purposes only and is not indicative of future performance.

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