Infra secondaries easier to price than RE

Roughly 41 percent of secondaries buyers are able to price and invest in infrastructure secondaries this year, according to a survey conducted by Evercore.

Secondaries buyers are more able to price and deploy capital in infrastructure secondaries than real estate secondaries, according to a survey conducted by Evercore.

About 41 percent of buyers are able to price and invest in infrastructure secondaries, compared to 27 percent of buyers which can invest in real estate secondaries.

The survey results follow a report published by Credit Suisse last December that indicated real estate represented the largest share of real assets secondaries in terms of volume.

“The growth in the real estate secondaries market is one of the key trends in 2014,” said Mark McDonald, a director in the private fund group at Credit Suisse in London.  Still, real assets secondaries is still nascent, he added.

Evercore’s survey revealed the majority of buyers (96 percent) are able to price and invest in buyout secondaries, followed by venture capital (69 percent) and distressed or special situations secondaries (67 percent).

Source: Evercore