Data from NYPPEX and Elm Capital show holding on to the oldest of these assets might not be worth the trouble.
The Blackstone unit is part of a consortium which will acquire private equity stakes in a deal worth more than $1bn, Secondaries Investor has learned.
The promotions at the advisory firm include a 2016 Young Guns of Secondaries finalist.
A step-by-step look at how a recent transaction unfolded.
Heidi Crebo-Rediker, chief executive of international capital strategies at US think tank the Council on Foreign Relations, is the latest high-profile hire for the advisory firm.
The family office-focused advisory firm believes high pricing at the peak of the cycle coupled with longer holding durations will contribute to a fall.
Members of the Secondaries Investor Young Guns classes of 2016 and 2017 gathered in London to share notes and a few drinks.
The firm is understood to be seeking around $12bn for its latest flagship in a year when several large secondaries firms are expected return to market.
Hermance Capital Partners will invest into its three target asset classes through primary and secondaries transactions, co-investments and direct investments.
Funds of funds have to differentiate to stay competitive, which for many means developing secondaries capabilities.