Evercore's half-yearly report highlights a notable decline in the proportion of LPs choosing to sell in GP-led processes. This could be indicative of profound, longer-term changes.
With half the market on the beach, it’s time to take stock. These are the stories that generated most interest on Secondaries Investor in the first half of the year.
First-half figures suggest another record-breaking year for secondaries deal volume, despite softer pricing and lower LP take-up in GP-led deals.
Recent deals involving Bluegem Capital and Warburg Pincus have put a new spin on single-asset restructurings, raising interesting questions for LPs.
Buyers are used to dealing with currency or concentration risk, but information asymmetry is trickier to price.
Note to sellers: A portfolio containing managers with robust ESG policies is a more enticing proposition.
Three years ago the thought of a $100bn secondaries market was met with a chuckle; today it looks more likely than not.
Key takeaways from our podcast this week with 17Capital’s Augustin Duhamel on the state and future of preferred equity.
The US prosecutor’s claim that Abraaj ‘boosted’ valuations to entice secondaries buyers is at odds with market logic.
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