Hannah Zhang
The $257bn pension has been seeking alternatives to secondaries sales to avoid taking large discounts in such transactions.
Secondaries funds can deliver outperformance compared with PE buyout funds due to their diversification and asset-screening processes.
Focusing down into specific areas of both private markets and the secondaries market is fuelling further capital raising, as well as the rise of evergreen vehicles, we discuss in the latest Second Thoughts podcast.
Secondaries fundraisers find success through specialisation.
The attractive risk-return profiles of secondaries funds will last as long as buyers continue to acquire good-quality assets at significant discounts, according to research from Seine Capital.
Despite a couple of pulled-transaction anomalies, secondaries sales are still seen as a powerful tool for rebalancing portfolios.
Industry leaders from Ardian, Coller Capital, Evercore and more share their top fiction and non-fiction recommendations for whiling away the time on your summer vacay.
Co-advisory mandates have become an increasingly common trend in continuation fund deals.
The single-asset continuation fund deal, which is around $400m-$625m in size, is in the process of closing, Secondaries Investor understands.
LP-led deals accounted for $40bn of the $68bn of global secondaries volume seen in H1 2024 as bid-ask spreads narrowed.