FW Capital simultaneously marketed its third secondaries fund and its eighth primary fund of funds, which garnered a $180m capital overlap, said head of private equity Steve Baker.
Akina closed its debut secondaries fund on €220m thanks to a growing appetite for Europe from North American investors, explains head of secondaries Christian Böhler.
Madrid-based Altamar has a broad Spanish-speaking LP base and is currently analysing Latin America’s secondaries market, says executive directors Ignacio de la Mora and Miguel Echenique.
Early liquidity is becoming a common part of the venture capital landscape, says Benjamin Black, co-founder of direct secondaries firm Akkadian Ventures.
Direct secondaries are set to rise in Asia, where there are guaranteed exit options and more than 6 percent growth says Lucian Wu, the newly-appointed managing director in Auda’s Hong Kong office.
Few firms invest in biotech and life sciences secondaries because it can be difficult to evaluate the portfolios, says Johannes Rabini, managing director of Berlin-based Sobera Capital.
LPs aren't selling their stakes in African private equity funds because of risks like Ebola in West Africa, says EY's Graham Stokoe.
Two decades ago, Jeremy Coller’s entrepreneurial drive helped to create one of the world’s biggest secondaries platforms. Today, Coller Capital is a bigger, more institutional firm but there are still signs of that stubborn unwillingness to follow the crowd.
There is a lot of opportunity to restructure dysfunctional funds in continental Europe, particularly in Germany where direct secondaries specialist Evoco sees the most promising situations, says co-founder and partner Michel Galeazzi.
Multi-family offices are more educated on the secondaries market, although single-family offices are increasingly becoming interested, says François Gamblin, chief executive officer of SecondCap.