Rod James
As an increasing number of sponsors turn to secondaries processes, doubts are being raised about the market’s building blocks. Just how aligned is the secondaries market today?
Golding Infrastructure 2020 will make primary and secondaries investments in 'conservative' core- and core-plus assets in Europe and North America.
The GP-led deal by Norvestor Equity comes during a slowdown caused by a stubborn gap between the pricing expectations of buyers and sellers.
Though this year’s ranking of the biggest secondaries fundraisers has a different name at number one for the first time ever, many of the most interesting subplots can be found further down.
Stafford has raised its fourth flagship vehicle at a time of strong demand for inflation-resistant asset classes such as infrastructure.
The deal was to be priced off the sale of a minority stake software business Medius to Advent but was negotiated down in line with falling public markets.
Mid-market-focused DC Advisory is adding secondaries to its M&A, restructuring, capital raising and GP stakes businesses.
Public pensions drove the LP-led market in H1, as allocation pressures led them to sell despite worsening price dislocation, Campbell Lutyens found.
Secondaries Investor reported last month that JPMorgan was returning to the PE secondaries market with the appointment of Tim Henn from Portfolio Advisors.
The market passed the $100bn mark in 2021, according to research by VC secondaries specialist Industry Ventures.