Costs have remained stable in the secondaries market, and using data to price portfolios could make them cheaper, writes RockSling Analytics' Harry Vander Elst.
GPs are no longer spectators in secondaries transactions, which provides opportunities for investors, says Christiaan van der Kam, head of secondaries at the firm.
Inheriting an indirect property business when that market is dominated by recapitalisation deals brings further conflict challenges that must be reconciled.
The deals are increasingly seen as an alternative to exit and will drive activity in Asia-Pacific say Greenhill’s Briac Houtteville and Lloyd Bradbury.
A positive selection bias, deep due diligence and strong alignment make GP-led secondaries an attractive proposition, write managing directors Brian Mooney and Stephen Sloan in this sponsored Q&A.
The appetite for recapitalisations of small numbers of high-performing assets is adding opportunities (and challenges) to the GP-led market, say Travers Smith partner Sam Kay and senior associate Ed Ford.
The strategy should be known as private portfolio investing, says Morningside founding partner Henry Zhang, arguing the name better captures its actual activities.
Ares’ roster of sponsor and LP relationships will enable Landmark to enter the credit secondaries market, do deals in Asia and raise larger funds.
Innovation should drive the continued growth of the GP-led secondaries market, write Nigel Dawn and Ryan Rohloff in this sponsored article.
More understanding of the benefits of the strategy among GPs and LPs may drive continued expansion, say Ben Perl, Ethan Falkove and Peter Bock in this sponsored Q&A.