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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.

Fewer continuation funds are charging super carry and there has been a decrease in average management fees, according to Paul Hastings, as buyers take a more selective approach.
What started with a dinner has ended up in a strategic collaboration between Campbell Lutyens and JPMorgan. Could such tie-ups become more common?
main way to primary target, vector concept
PEI’s latest GP-led Secondaries Report explores a market that continues to break new ground, despite 2022’s apparent slowdown.
A high-quality, single asset continuation fund transaction is a golden opportunity for cash-strapped LPs in search of liquidity. As a result, some transactions are having a hard time coming up with enough buyside capital.
reading tea leaves
The significance of a low take-up rate in a sponsor-initiated secondaries process isn't as cut and dried as it may seem.
image of two wedding bands interlocked
Coller Capital is the latest firm to formalise its push to attract more individual capital – and provide such investors with a way to beat the J-curve.
Listed manager Bridge Investment Group is eyeing further secondaries strategy growth, particularly when it comes to its own area of focus: real estate.
Secondaries Investor dives into the advisory firm's top five predictions and the drivers behind its outlook, including its prediction of at least $150bn in deal volume this year.
Industry Ventures founder Hans Swildens has started to hear from LPs at risk of defaulting on capital calls from venture funds because of lack of liquidity – something he hasn’t seen since 2009-2010.
The consensus view from the south of France is that this will be the year that valuations come down to earth.

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