The practical problem facing investors is not that there is no way to compare the
returns of illiquid and liquid assets, but that there are too many, Landmark Partners argues in its latest whitepaper.
The global fund of funds’ figures show there are 200 funds over 10 years old with at least $100m of NAV. That's expected to be a key source of dealflow for secondaries investors.
Large auctions and restructurings are expected to provide the bulk of dealflow this year, according to a SecondariesInvestor.com reader’s poll.
Last year, buyers on average paid 95% of NAV for private equities secondaries -- a trend set to continue, says advisory firm Elm Capital.
A comparison of 2013’s H1 and H2 bids show a 10% shift in the second half as well as a wide dispersion of bids per fund, according to a study by Elm Capital.
PEI takes an in-depth look at the private equity secondaries market's current trends and challenges, as well as what the future holds.
Only 18% of LPs say they aren’t active on the secondaries market in any way – 33.5% said the same back in 2007.
Cogent's latest pricing report highlights a thriving marketplace.
Longer holding periods have created ‘a pent-up demand’ for liquidity, Cipio says.
Cogent suggests the private equity secondaries market saw $27.5bn of deal volume last year – and is set to grow by another 10% in 2014.