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  "documentTitle": "ey ivca monthly pe vc roundup december 2022",
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  "notes": "This is an introductory slide setting the stage for a report on the future of private equity.",
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      "text": "About EY NextWave\nEY NextWave is a global strategy and ambition to deliver long-term value to EY clients, EY people, and society at large. The NextWave vision represents the EY organization's perspective on the most powerful trends and forces shaping an industry's future. The EY organization brings that vision to life for clients so that they can remain relevant and take advantage of new paths to value.",
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      "text": "The NextWave vision represents the EY organization's perspective on the most powerful trends and forces shaping an industry's future.",
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      "text": "US$4.4t",
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      "text": "investor capital managed by PE firms: US$4.4t",
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      "text": "Crucially, they will also need to find new levers of value creation, with a particular focus on three areas that are becoming increasingly important: digital strategy, purpose and transparency, and talent. The combination of these three levers throughout the deal life cycle can create powerful benefits.",
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      "text": "The amount of investor capital currently managed by PE firms",
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      "text": "Over the following pages, we will set out our vision and examine some of the key ways in which PE firms and their portfolio companies will need to evolve in order to remain relevant in a world where competition, unpredictability, and the rate of change are accelerating. Are you ready?",
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      "text": "PE has evolved and developed, both geographically and in terms of sophistication. It has expanded from traditional US and European leveraged buyouts to a wide array of alternative strategies and asset classes operating in most countries around the world. Currently, according to Preqin, PE firms and closely related asset classes are estimated to manage more than US$4.4t of investor capital – an amount expected to effectively double over the next five years.",
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      "text": "The private equity industry has matured, but it now faces new challenges in a world that is rapidly changing, and firms need to explore new levers of value.",
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      "text": "It is reasonable to assume that PE is now at an inflection point – essentially, it has matured. Success brings growth, but it also creates new challenges. As PE moves into the next phase of its evolution, it must find a way to balance the nimbleness, flexibility, and responsiveness that brought it to this point with the need to manage increasing complexity in a rapidly changing world. Four megatrends – advances in technology, globalization, shifting demographics, and environmental issues – are combining to upset the existing order and create new working patterns and relationships, and PE firms need to adapt to these changing conditions.",
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      "text": "Private equity (PE) as an industry is unlike any other in terms of its breadth. It owns and operates companies across multiple sectors and with vastly different business models. Relatively speaking, it is a \"young\" industry, but one that has experienced unparalleled success and growth since its inception.",
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      "text": "One thing is certain: the next wave of PE will look different. The successful PE firms of tomorrow will be those that can effectively differentiate themselves in a more mature and competitive space. For many, this will mean increasing diversification across asset classes and geographies. For others, it will involve greater specialization (by region, sector, or impact) and the development of best-in-class product offerings. For all, it will require operational excellence.",
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      "text": "Are you ready for the NextWave of Private Equity?",
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