While there is certainly a host of alignment issues LPs would like to see resolved, a number of investors have adjusted their policies to invest in continuation vehicles.
Eye-watering legal charges have been likened to ‘racketeering’; industry co-operation could solve the problem.
A recent GP-led process that came across our desks suggests the collaborative nature of the secondaries market is alive and kicking – for now.
Despite a couple of pulled-transaction anomalies, secondaries sales are still seen as a powerful tool for rebalancing portfolios.
The inclusion of adjacent strategies such as GP stakes and portfolio financing in volume reports shows how what matters to secondaries market participants is evolving.
Evercore’s latest Secondaries Market Review paints a reassuring picture for the multiple new entrants to the venture secondaries market.
While it’s easy to point to liquidity constraints as an anomaly, the market believes secondaries’ record-breaking streak should continue.
There's a new type of entrant to the secondaries buyside, and it's not your typical buyout-come-secondaries firm.
The venture secondaries market is taking off, yet many GPs and LPs are still unfamiliar with how such transactions work.
The sponsor-initiated secondaries market will hit a stumbling block if incumbent LPs’ needs and wishes aren’t prioritised over those of incoming ones.