Investment Allocations

Consistent market activity and deep domain expertise can help overcome the challenges associated with integrating continuation vehicles into a broader secondaries portfolio, says Partners Group’s Anthony Shontz.

While the adoption of venture capital sponsor-driven transactions is in the early stages, the technology is already adapting to the nuances of the asset class.

The challenges of selling such a big offering are highlighted by growing uncertainty around secondaries pricing, weakening amid public market volatility, rising inflation and geopolitical shocks from Russia’s invasion of Ukraine.

Portfolios with valuations pegged to 30 September no longer reflect market dynamics, including public market volatility, plunging tech valuations and geopolitical turmoil sparked by Russia’s invasion of Ukraine.

The US regulator's definition of what an adviser-led transaction refers to is not clear in its recent proposals, according to law firm Morgan Lewis.

The Taiwan-based insurance company has backed a secondaries fund.

The US public pension has backed vehicles managed by Hollyport Capital.

Private Investment Partners VI can invest in PE, private credit, infrastructure and several other asset classes, with up to 20% going into secondaries.

Mark Benedetti and Vladimir Colas, the co-heads of Ardian US, explain what is fuelling the surge of interest in infrastructure secondaries.

LPs remain keen to allocate to PE even though the perceived risk to returns has risen materially, according to a survey by the secondaries firm.