M&G’s private equity capability is run by M&G Private Funds Investment (formerly PPM Managers), which manages investments in private equity primary funds, secondaries and co-investments.
The team was established in 2000 to invest in private equity opportunities in Europe and Asia and today invests globally, excluding the US. Over the past 17 years, the team has committed €2.6bn to 135 investments alongside 68 managers principally in Europe and Asia, as of 31 March 2018.
The portfolio is currently invested across Western Europe, Eastern Europe, Asia, Australia and Latin America, with a preference for mid-market businesses.
The value of investments will fluctuate, which will cause prices to fall as well as rise and investors may not get back the original amount they invested.