Staff Writer
Two vehicles managed by RobecoSAM Private Equity have replaced an existing investor in the EnerCap Power Fund, an infrastructure secondaries vehicle.
Pomona Capital has closed its eighth fund on $1.75bn, surpassing its $1.3bn target. It launched the fund in 2012 and had collected about $1.14bn by Oct 2013.
The Blackstone affiliate is targeting $3.5bn for secondaries investments.
The problem in general with the secondaries business is that there’s nothing you can do to add value, says Newbury Partners' CEO Richard Lichter.
Singapore's state investment company - which has been active in secondaries in the past - has formally opened in London and plans a New York office opening this year.
The secondaries paradigm is changing, requiring better benchmarks, astute risk adjustment and savvier buyers, writes Synthetic Private Capital founder Massimiliano Saccone.
The European market for direct secondaries has changed in recent years, writes Cipio managing partner Roland Dennert.
The practical problem facing investors is not that there is no way to compare the
returns of illiquid and liquid assets, but that there are too many, Landmark Partners argues in its latest whitepaper.
From a supply-side perspective, secondary market dynamics have never been so attractive, writes Landmark partner Ian Charles.
PEI takes an in-depth look at the private equity secondaries market's current trends and challenges, as well as what the future holds.