January 30, 2020
While the doomsday scenarios that were voiced during the run-up to the referendum did not come to pass, several stats clearly show Brexit uncertainty took a toll on Britain’s economy. That the negotiations took longer than anticipated only exacerbated the situation.
Some investors may be tempted to downgrade the UK as an investment destination. We would advise against this. Britain still matters. Not only is it the fifth largest economy in the world, it is one of the most dynamic. Its services sector is world class, and London is still one of the world’s premier financial hubs.
Private markets have a proven ability to adapt and outperform during turbulent economic periods. We believe Brexit will generate plenty of opportunities for them to do so.
Bernard De Backer a partner in our London office, explains why investors should look beyond the headlines when investing in European private markets. Partnering with local specialists is just one of the keys to driving outperformance.