While smaller buyers are finding innovative ways to back covid-impacted assets, the flight to quality continues at the larger end.
Research has found that secondaries may not be the J-curve mitigator it’s often touted to be. Does it matter?
The need for transparency, always a vital aspect of executing a GP-led deal, takes on greater significance when external M&A buyers express interest in picking off choice assets.
The astronomic rise of single-asset deals, GP stakes and the increasingly blurred line between M&A and secondaries were among the topics under discussion.
Apollo’s entry into the credit secondaries market could add the dry powder needed for ignition.
May sees the publication of our surveys of secondaries advisors and legal activities in 2020. Here are some early findings.
If 2020 was the year of the generalist mega-fund, this year is showing size is no obstacle in today’s market.
Inheriting an indirect property business when that market is dominated by recapitalisation deals brings further conflict challenges that must be reconciled.
Ares’ roster of sponsor and LP relationships will enable Landmark to enter the credit secondaries market, do deals in Asia and raise larger funds.
The secondaries market features prominently in Redefining Private Equity in the 2020's, a report compiled by Credit Suisse's private fund group.