Insights

Opinion pieces from the team, and uses cases covering private markets, infrastructure investment, climate change, social risk, and more.

Featured image for “When the auditor becomes the valuation mechanism”

When the auditor becomes the valuation mechanism

Oct. 07, 2026
Australia’s private credit sector was already under regulatory scrutiny after a run of fund collapses and redemption freezes. The latest episode was different: a dispute between a manager and its auditor over what the loans were worth. In September 2026, KPMG declined to issue its audit opinion on the FY2026 financial statements of three Metrics vehicles by the statutory reporting
Featured image for “When the Evergreen Wilts: What Partners Group’s Proposed Split Reveals About Evergreen Fund Risk”

When the Evergreen Wilts: What Partners Group’s Proposed Split Reveals About Evergreen Fund Risk

Oct. 05, 2026
On Friday 2 October 2026, Partners Group announced that it is proposing to split its €6.6Bn flagship Global Value SICAV (“PGGV” or the “fund”) Evergreen into “distributing” and “compounding” funds, respectively. This comes on the heels of capping redemptions from the fund in June 2026. Partners Group had also capped redemptions from its ~ $15Bn US Evergreen vehicle, Partners Group
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What Realised Exits Reveal About Private Asset Valuation Accuracy

Oct. 03, 2026
New research from the EDHEC Infrastructure & Private Assets Research Institute examines the accuracy of private asset valuations using realised private equity and infrastructure equity exits across UK-listed investment trusts. The study analyses 333 individual exit transactions across 29 investment trusts between 2015 and 2026, using financial reporting and regulatory filings. For each transaction, the exit price is compared with