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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.

Impact investing, especially in emerging markets, is a new frontier for most investors; secondaries transactions will ease them in.
The Starting Gate
Smaller discounts to NAV mean there is a potential window of opportunity that some LPs want to take advantage of before market dynamics change.
Morgan Stanley research shared exclusively with Secondaries Investor provides evidence that continuation vehicles can meaningfully outperform buyout funds on a median basis
Secondaries capital that comes with deep sector expertise may define the next iteration of the GP-led market.
person pressing buttons of IPO
Private equity continues to face a liquidity crunch. Could a new technology for exits be on the horizon?
crane with people pointing
Three infrastructure managers were snapped up during a week where Pantheon has raised the market's biggest ever secondaries fund focusing on the asset class.
The firm's $22.7bn haul this week comes at a time when institutional investors are assessing the opportunity cost of their investments.
Advisories with secondaries capabilities are proving particularly attractive in the race to offer clients a one-stop-shop.
An hourglass with the sand beginning to run out
In 2023, continuation funds spread to geographic markets anew and niche strategies such as impact funds, while increasingly involving complex situations and assets.
Two historic fundraises in the space of a week tell us much about where real estate investors see opportunities for returns in a fractured market.

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