In a falling NAV environment, buyers are often guessing where NAV will be the following quarter and it can paralyse some market participants.
Increased competition, speedier transactions and market maturation are among the factors impacting fees advisors earn when brokering fund stake sales.
General partners – with and without troubled funds – are increasingly seeing the secondaries market as a fundraising tool.
Retail investors weren’t the only ones rethinking their moves in the midst of recent public market flux.
An inside look at the latest market transaction reports and why they differ.
Reporter Adam Le here, filling in while Marine's on the West Coast. Two stories I reported on this week stood out in my mind as they both involved older funds and how – and whether – to find value in them.
The supply of real estate secondaries is increasing dramatically, but it remains to be seen whether there’s enough demand to absorb it all.
Deals are being done faster than ever, with binding bids coming in within a week or two, and large sales completing in half the time. That’s the key takeaway from Greenhill Cogent’s half-yearly volume and transaction data, but there are a couple of other driving factors too.
Talking to market participants in Chicago this week, three clear themes emerged: buyers are becoming sellers, restructurings are here to stay and return expectation are way down.
Why cash-rich LPs are a problem and other themes European advisors are buzzing about.