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Editor's View

Our in-house take on what news, trends and developments affecting the secondaries market means to its different participants. In these weekly commentaries we stir discussion and prompt debate as well as comment on issues important to market participants in a lively and thought-provoking way.

Person swimming in ocean
In a market that is seeing a war for talent, an institution looking to offload its secondaries unit is an unusual move.
microphone on blue background
...over video call, of course, to record a podcast with Secondaries Investor. Here's a preview of what we discussed.
calendar with sand timer
Some LPs are on a three-year waiting list to formally transfer fund interests off their books – an issue that could grow as overallocation issues persist.
Another relatively rare GP-led transaction has closed in the secondaries market, adding to the pool of ever-growing manager types in an already competitive landscape.
Blockchain Technology Concept Multiple
The development of the secondaries market is one based on disruption of an asset class; the tokenisation of private markets funds could follow a similar trajectory.
Carlyle, Sun Capital and Harvest Partners are all out in market running tender offers plus a staple – a tool that’s not available to just any GP.
Trophy cup, awards, ceremony, winning
The PEI Awards celebrates its 21st anniversary, with 12 secondaries categories up for grabs.
It’s all about alignment and outperformance when it comes to selling the idea of a GP-led; two reports this week suggest LPs and GPs have a way to go to get on the same path.
information files Office workers organizing data storage and file archive on server or computer. PC users searching documents on database. Vector illustration for information technology, source concept
Information is king in getting a deal over the line in a buyer’s secondaries market for GP-led transactions.
Garbage fire at night, fire, rubbish, riot, looting
British pensions have been dumping liquid assets to free up cash due to the gilt crisis; whether they’re currently selling private markets holdings for the same reason is another question.

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