Secondaries Investor dives into the advisory firm's top five predictions and the drivers behind its outlook, including its prediction of at least $150bn in deal volume this year.
Industry Ventures founder Hans Swildens has started to hear from LPs at risk of defaulting on capital calls from venture funds because of lack of liquidity – something he hasn’t seen since 2009-2010.
The consensus view from the south of France is that this will be the year that valuations come down to earth.
LP secondaries is a scalable business, meaning firms like Strategic Partners can raise funds twice the size of their predecessors without doubling the size of their teams.
The ingredients are all there for a big year in impact secondaries, with GP-leds looking particularly tempting.
The secondaries market should continue to grow in 2023, with its biggest constraint being supply and demand. Secondaries Investor asks buyers from Apollo, BGO Strategic Capital Partners, Strategic Partners and more for their predictions.
A recent deal in Asia shows that secondaries transactions that provide sponsors with primary capital come in all shapes and sizes.
In a market that is seeing a war for talent, an institution looking to offload its secondaries unit is an unusual move.
...over video call, of course, to record a podcast with Secondaries Investor. Here's a preview of what we discussed.
Some LPs are on a three-year waiting list to formally transfer fund interests off their books – an issue that could grow as overallocation issues persist.