The GP-led secondaries market has long touted itself as a creative panacea for managers and LPs; in this challenging period it’s time to step up to the plate.
The economic shock caused by coronavirus is already filtering down into the asset class.
Secondaries firms with local knowledge and an appetite for bureaucracy could reap the rewards.
Secondaries recruiters are having to think creatively to fill advisory side positions in a market where talented and suitable candidates aren’t immediately obvious.
Private debt is behind other alternative asset classes when it comes to secondary activity and opinions differ as to when it’s worth taking seriously.
In Asia, which holds a lot of promise for secondaries investors, hopes of increased deal volumes face an uphill battle.
Beneath the headline figures, the reports compiled by secondaries advisors reveal some intriguing sub-plots.
Secondaries Investor got an inside tour this week of the advisor’s 2019 volume report, which pointed to a slightly disappointing year, particularly for GP-led deals.
One of the fastest growing niches of the secondaries market is capital constrained; someone should take advantage.
A four-year low? That's the picture our 2019 fundraising figures, published on Monday, paint about the state of the secondaries market. Dig deeper, though, and all is not what it seems.