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The highest prices for LP interests ranged from 100 percent to 102 percent net asset value during the first quarter, according to NYPPEX.
Online engine aims to bring greater efficiency and liquidity to the secondaries market.
In 2014 the average price of LP interests traded on the secondaries market was 94 percent of net asset value.
The average secondaries transaction size was $40m last year, according to a survey conducted by Zug, Switzerland-based AXON Partners.
Discounts do not have as meaningful an impact on returns in the real estate secondary market as one would think, experts said at the PERE LA event last week.
The median of the highest bids received by Elm Capital was 97 percent of net asset value for buyout funds.
The eight private equity fund stakes sold at par or a premium to net asset value, explained managing director Kevin Campbell.
Roughly 54 percent of LPs believe current secondaries valuations are too high, according to a report from SEI.
Secondaries buyers are increasingly using deferred payments and leverage to compete for assets. But smart structuring can also lock in returns in case there’s a new downturn in the euro zone.
Sam Green, private equity investment officer at the Oregon State Treasury, talks dry powder, pricing and ‘tactical shifts’ in secondaries strategies.
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