There's plenty of room for growth in Chinese RMB private equity and VC secondaries, with the turnover rate for assets paling in comparison to other global regions.
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.
A fund’s LP base will respond in varying ways to an organised liquidity option; understanding how alignment among LPs can differ is crucial.
Buyers are hopeful that market conditions will give them greater power to dictate the terms of GP-led deals without discouraging sponsors from coming to market.
A raft of new participants in the sector means it may not be long before annual deal volumes match or exceed the record $130bn deployed last year.
Private equity performance has held relatively steady compared with the pain in the public markets so far this year. That may start changing over the new few weeks.
While initial secondaries volume estimates point to a record first half, expectations for full-year 2022 may have to be revised downward.
Executives from Apollo Global Management, Evercore, LGT Capital Partners and more share the books they'll be taking on vacation this summer.
The sale, valued at around $6bn by net asset value plus unfunded commitments, ranks among the largest to ever trade.
Secondaries Investor caught up with the secondaries giant's co-leads of Europe and Asia to discuss personnel changes and where it sees future growth.