Stephen Morriss
GPs in Asia face difficulties in creating value as regional GDP growth slows, which could mean increased opportunities for secondaries firms.
Dry powder and auctions are pushing prices for LP interests higher, explains Ed Gander, co-head of global private funds group at Weil, Gotshal & Manges.
The Nordic private equity secondaries fund has already acquired an LP stake in EQT Fund V.
GPs taking the lead on liquidity events will draw more investors to private equity and drive secondaries pricing up, according to Neil Campbell, head of Tullett Prebon Alternative Investments.
Aberdeen has acquired roughly half of Storebrand's interest in AXA Real Estate's European Alternative Property Income Venture Fund, which invested in Accor's Ibis hotels.
The Bridgepoint funds have invested in UK-based sandwich retailer Pret A Manger and French jewellery retailer Histoire d’Or.
Non-traditional secondaries sellers are becoming an increasingly important source of activity, according to Setter Capital.
Investec is bolstering its US presence as secondaries funds increasingly use leverage in more specialised ways, according to head of fund finance Simon Hamilton.
JPMorgan Private Equity has sold its stake in two co-investment funds for 96.25% of NAV.
Private equity secondaries volume during the period was $16bn and real estate transactions accounted for $3bn, according to Setter Capital.