The problem in general with the secondaries business is that there’s nothing you can do to add value, says Newbury Partners' CEO Richard Lichter.
Leverage is an increasingly common factor in getting large secondaries deals done.
Coller Capital chief executive Tim Jones explains the cycles of regulations and finance that could lead to banks re-joining the buy-side.
The secondaries paradigm is changing, requiring better benchmarks, astute risk adjustment and savvier buyers, writes Synthetic Private Capital founder Massimiliano Saccone.
Sellers’ demands for staples may be slowing up some of the bigger secondaries deals in play.
On my travels around London this week I heard a fun secondaries market analogy...
Secondaries buyers are casting a wider net to fish for credit, intellectual property, healthcare royalties, and other sorts of illiquid assets, says Rodney Reid, head of UBS' secondaries activity for EMENA.
Market participants have been buzzing about a Hellman & Friedman stake sold at a 30% premium to NAV – but does it actually provide a snapshot of overall market activity?
From a supply-side perspective, secondary market dynamics have never been so attractive, writes Landmark partner Ian Charles.
Welcome to the site with one thing on its mind: secondaries.