Adam Le
The two most sought-after managers in the US and Europe have no hurdle rates on their latest funds.
San Francisco-based Industry Ventures is seeking $200m for Fund IV, a fund of funds that can buy early VC secondaries.
Secondaries was one of only three strategies to generate positive IRRs on a quarterly basis alongside European private equity and venture capital funds.
The global investment firm has acquired a stake in Charterhouse's 2008-vintage fund from Rice University amid increasing sales from endowments and foundations.
Leveraging a portfolio for liquidity can be similar to refinancing a property, but what effect does this have on the secondaries market?
The deal includes 97 retail, office and hotel assets in Sweden and Finland and is the second large portfolio Partners has acquired from Sveafastigheter.
Respondents to the placement agent's Secondaries Outlook Report cited three main drivers behind why they expect deal volume to drop as much as 18%.
The acquisition of €1.3bn worth of assets included stakes in at least 11 private equity, real estate and private debt funds.
HarbourVest's listed fund of funds was included in the FTSE 250 Index last December, a move the firm said will help boost liquidity.
If the fund you have invested in is having problems, it is important to know if the vintage as a whole is in trouble or if your fund is an exception.