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Commentary

Thought leadership from the secondaries sector’s leading voices including legal experts, industry veterans, asset class specialists (from real estate to private equity) and academics.

North American public pensions: reluctant leaders

Large North American public pension plans may be fuelling one part of the secondaries market, while pouring cold water on another.

Deals that dance to a different beat

A GP-led deal in the music royalties space shows how adventurous secondaries investors are getting and how readily existing deal types can be applied to new asset classes.
change, shifting

Ardian’s $18bn secondaries mega-fund highlights the shifting GP-LP relationship

The desire of private equity firms to hold assets for longer is creating misalignment with their LPs – and conditions for the secondaries market to thrive.

‘Complex and conflict riddled’, but not all bad

Concerns from a sophisticated institutional investor should be heeded… to a point.
oil pump

The perils of trying to strike oil

News has emerged of an energy GP-led deal that could be worth $5bn; such deals are full of pitfalls.
Storebrand

Norway’s Storebrand on why it bought Cubera

Why build an in-house secondaries team when you can buy one? Storebrand Asset Management talks to Secondaries Investor about its acquisition of Cubera Private Equity this week.

Goldman, Coller and Morgan Stanley-backed ‘Liquidity Fund’ explained

Liquid Stock has raised a $150m fund aimed at employees of private companies, using a part-debt/part-equity strategy.
single mystery skeptic

Single-asset sceptics

The rise of single-asset transactions has left some market practitioners unimpressed.

What could possibly go wrong?

The secondaries market is going from strength to strength. Can anything throw it off track?
Cannes

‘Absurd’ transactions and a $5bn deal: takeaways from Cannes

Five surprising themes emerged from secondaries discussions on the French Riviera this week.

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