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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.

treasure chest

One man’s treasure: Why LPs are selling less and rolling more

Evercore's half-yearly report highlights a notable decline in the proportion of LPs choosing to sell in GP-led processes. This could be indicative of profound, longer-term changes.
the number five

The five biggest secondaries stories of H1 2019

With half the market on the beach, it’s time to take stock. These are the stories that generated most interest on Secondaries Investor in the first half of the year.

Taking stock at halftime

First-half figures suggest another record-breaking year for secondaries deal volume, despite softer pricing and lower LP take-up in GP-led deals.
light bulb innovation

Single asset deals are pushing the innovation envelope

Recent deals involving Bluegem Capital and Warburg Pincus have put a new spin on single-asset restructurings, raising interesting questions for LPs.
risk, dominoes

The hidden risk in the secondaries market

Buyers are used to dealing with currency or concentration risk, but information asymmetry is trickier to price.
bamboo forest

Good ESG hygiene is the key to a smooth sale

Note to sellers: A portfolio containing managers with robust ESG policies is a more enticing proposition.

Mid-year reflections: Massive volumes and single-asset deals

Three years ago the thought of a $100bn secondaries market was met with a chuckle; today it looks more likely than not.

The market that’s quietly proving sceptics wrong

Key takeaways from our podcast this week with 17Capital’s Augustin Duhamel on the state and future of preferred equity.

Are buyers really attracted by higher valuations?

The US prosecutor’s claim that Abraaj ‘boosted’ valuations to entice secondaries buyers is at odds with market logic.

Young Guns of Secondaries: The countdown begins

We need your help to compile the industry’s only ranking of the most impressive professionals under 35.

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