Coronavirus

Secondaries was the biggest driver of growth in AUM for the investment manager.

Less competition and a likely increase in the number of smaller forced sellers could make 2020 a good vintage for niche players.

Institutions hurt by 'chronic corporate earnings disruption', such as university endowments, could come under pressure to sell on the secondaries market.

Secondaries has a bigger toolkit at its disposal to support the market's long-term growth during a crisis that bears similarities to the 2008 GFC.

Valuations and pricing have become closely linked as buyers put less emphasis on future upside when evaluating assets, according to Elm Capital.

In part two of our mini-series on the impact of debt on secondaries deals during the coronavirus crisis, we examine how the steep decline of NAVs can have powerful implications for the future of the SPV leverage market.

The sovereign wealth fund giant had received interest from firms including Ardian over the sale of a portfolio potentially worth more than $2bn.

In the first of a series on the implications of leverage use by secondaries funds in a downturn, we look at fund-level facilities.

The world's largest asset manager also eyes an opportunity to buy highly coveted, rarely traded fund stakes, according to secondaries co-head Steve Lessar.

The growth of the secondaries market has halted, though certain segments remain open to LPs and GPs, according to Andrew Gulotta of Sixpoint Partners and DLA Piper's Adam Tope.