Morgan Stanley research shared exclusively with Secondaries Investor provides evidence that continuation vehicles can meaningfully outperform buyout funds on a median basis
Secondaries capital that comes with deep sector expertise may define the next iteration of the GP-led market.
Private equity continues to face a liquidity crunch. Could a new technology for exits be on the horizon?
Three infrastructure managers were snapped up during a week where Pantheon has raised the market's biggest ever secondaries fund focusing on the asset class.
The firm's $22.7bn haul this week comes at a time when institutional investors are assessing the opportunity cost of their investments.
Advisories with secondaries capabilities are proving particularly attractive in the race to offer clients a one-stop-shop.
In 2023, continuation funds spread to geographic markets anew and niche strategies such as impact funds, while increasingly involving complex situations and assets.
Two historic fundraises in the space of a week tell us much about where real estate investors see opportunities for returns in a fractured market.
As we approach the end of 2023, here are three areas to keep an eye on – and yes, they all relate to the secondaries market's capitalisation.
Continuation funds are now part of the private markets play book. MassPRIM has approved a policy that will give its investment team more flexibility to back these vehicles as the opportunity rolls in.