Home Commentary Editor's View

Editor's View

Our in-house take on what news, trends and developments affecting the secondaries market means to its different participants. In these weekly commentaries we stir discussion and prompt debate as well as comment on issues important to market participants in a lively and thought-provoking way.

inflating

Are buyers really attracted by higher valuations?

The US prosecutor’s claim that Abraaj ‘boosted’ valuations to entice secondaries buyers is at odds with market logic.
clock

Young Guns of Secondaries: The countdown begins

We need your help to compile the industry’s only ranking of the most impressive professionals under 35.
barbed wire fence

Caspersen’s out of prison; has anything changed?

The release of former restructurings expert Andrew Caspersen should remind the private equity industry more scrutiny is a good thing.
liquidity

Private equity needs to become a liquid asset class and here’s why

LPs not proactively managing their mature fund commitments are incurring potentially huge opportunity costs.
Africa

Carlyle’s Africa fund is a prime candidate for a GP-led secondaries process

Emerging market GP-led deals are rife with difficulties but Carlyle’s name and the dynamics of the secondaries market suggest a deal can be done on its Africa fund.

Buyers anticipating a Japanese free-for-all may have to wait

Norinchukin Bank’s $5bn portfolio sale is driven by regulation, but it may well be some time before similar deals come to market.
Aerial view of supported hands out together

Blackstone’s impact success hinges on its secondaries relationships

The private equity giant's push into impact investing relies on the GP relationships and fund commitments its Strategic Partners unit has built.

What lawyers think about stapled deals

The impact of SEC attention, the right way to get a fairness opinion and the growing influence of the LPAC – just some of the topics discussed on Secondaries Investor’s upcoming stapled deals podcast.
binoculars

A sneak peek at PEI’s upcoming secondaries roundtable

More mega-deals, the pros of a market downturn and how participants are dealing with limited resources – just some of the topics discussed at sister publication Private Equity International’s recent roundtable.

BEX has done something good; hopefully others will too

Axing carry and management fees for certain investors is a neat way of giving back.
si
si

Copyright PEI Media

Not for publication, email or dissemination