Networks Made To Succeed – Market Update (H2 2023)
Antum’s philosophy – “always be focused and expertly niche” – has grown stronger in its conviction, as the business models which it sought to disrupt, themselves evolved and caught-up over the years.
We made it through a surreal 2020/21, were still living with global limitations and curtailments of certain freedoms throughout 2022, suffering loss and hardship all over, yet we have seen incredible technological advances that have turned the tide and 2023 has firmly been preoccupied with financial issues brought upon by the response of global central banks to massive inflationary pressures.
Markets have been rocked since the start of global central banks’s seeming admittance that inflation had gotten further out of their control than anticipated – expectations for any sort of short-lived “duration trade” have vanished with a whimper as the clarity and perils of a prolonged soft-landing have overtaken the more optimistic out there. From difficulties in raising new PE vintages, to the implosion of many an investment thesis In these circumstances, egos have been bruised and a significant shift (equal to that seen by Antum in 2010) in investment requirements and preferences has suddenly appeared – gone are the trusting days of allocating massively to re-ups and blindly enabling managers to return in 7-10yrs – from institutional to family-office investors, a more hands-on approach with deal-by-deal appetite is now the growing norm. As always, in this new landscape, quality will continue to provide outsized returns and attractive choices when all fundamentals are considered.
New Environment – Old Rule: quality shines through
When Hani first launched Antum in 2012, specifically to break-away from the traditional investment banking models he had worked within, the traditional “in big-firms-we-trust” sanctified business approach, was still very difficult to manoeuvre away from.
Since then, rapid advances in technology, favourable market shifts, new globalised attitudes and a faster-pace of dealing across cultures, has ensured Antum’s approach to dealing direct and in closed, trusted circles, has flourished.
At Antum we are proud of the friendships we form and maintain through both good times and bad.
In these truly unique and difficult market circumstances, this suddenly shifted world we now find ourselves navigating will bring about even more challenges – as always. Antum is ready and well-positioned to profit from these rarefied generational shifts.
From immense leaps in Healthtech to Fintech and an invigorated view of Private Credit, enforced attitude shifts have brought about seismic business model changes in weeks rather than years, Antum and its partners are positioned to reap the rewards
We look forward to the future business successes we and our partners will enjoy.
For now and most importantly, we wish everyone continued health and safety. We look forward to working together with you all. See you soon.
Small Circles Create Big Successes
This has worked so far. We intend to maintain the momentum.
Private Equity Focus
Direct Deal Expertise
Intimate Network-Information Sharing
Unique Origination Capabilities
Shared and Profitable Partnerships