The firms top Setter Capital’s new list of the 25 most sought-after US venture capital funds on the secondaries market.
Secondaries Investor reveals the UBS facts and figures from its position in the secondaries market with some surprising conclusions for the year ahead.
The listed FoF employs a secondaries strategy to minimise the J-curve effect.
Several factors including higher pricing lowered buyers’ targeted returns, according to a survey of market participants by the Swiss investment bank.
Canadian advisory firm Setter has released its top 50 mid-market LBO funds on the secondaries market.
Report from global advisory firm Evercore puts deferred payment arrangements on a quarter of all transactions last year.
Four secondaries funds closed on $2.3 billion in Q1, according to PEI data.
The tech sector drew the most direct secondaries last year, according to advisory firm NYPPEX. It expects nearly $20bn in direct secondaries to transact across sectors this year.
NYPPEX estimates that tail-end funds comprised approximately 26 percent, or $6.46 billion, of total secondaries transaction volume in 2013.
The firms top Setter Capital's list of the 50 most sought-after US LBO funds. Providence, Welsh Carson and Kelso round out the 24 funds given an 'excellent' liquidity rating.