GP-Leds

According to mid-year advisory reports, the secondaries market is looking at a potentially record-breaking finish to 2024.

The assets in the process run by the firm formerly known as The Jordan Company 'do not appear to have the ability to generate outsized returns', according to adviser Aon.

GP-led deal volume reached an estimated $28bn in the first half, a 56% increase from the same period last year, according to Jefferies’ first-half volume report.

Providence agreed to sell part of its stake in the group to listed investment firm Wendel in July.

The US pension's investment committed noted the global secondaries market is a more intriguing opportunity after deal volume hit a record in the first half of this year.

Investors including Alaska Permanent, Caisse des Dépôts, Skandia, New York City Retirement Systems and TRS Texas share their views on how this market can be improved and how they are positioning themselves to take advantage of CVs.

Abry Partners’ move to seed a new private credit strategy via a continuation fund marks the latest credit secondaries deal used to kick start a new business line.

Data from the consultant prepared for Teachers' Retirement System of Louisiana shows the strategy still has room to grow.

The firm was best positioned to know the asset well, which helped inform its ability to set an appropriate price, according to Kian managing partner Kevin McCarthy.

A recent GP-led process that came across our desks suggests the collaborative nature of the secondaries market is alive and kicking – for now.