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.

Silhouettes of happy businessperson. Success of business concept, team, success, spinout
Our upcoming podcast with Glendower Capital chief executive Carlo Pirzio-Biroli looks at best practices for going it alone, including track record attribution and having an amicable separation.
Colorful Fireworks Lighting Effect on Purple Background for Celebration Concept, happy
Submissions for the PEI Awards suggest 2020 could have been far worse for the secondaries market.
shake, mix-up, cloud, mixing, fusion, bomb
In the wake of multiple key departures from the market's biggest advisor, the future of the multi-billion LP portfolio market is up for grabs.
hot cakes
The secondaries market is more seller-friendly than ever, allowing sponsors to push terms that surprise even seasoned pros. This is unlikely to last.
covid
Top executives from Campbell Lutyens, Evercore, Lazard and PJT Partners shared their views for Kirkland & Ellis's liquidity masterclass this week.
French statue of Liberty in Place de la Republique Marianne
Bpifrance's innovative strip sale is the latest example of how secondaries technology can be used to help open up private equity to the public.
market
Negative headlines are causing some LPs to review their relationships with Vista Equity Partners and Apollo Global Management. This has implications for the secondaries market.
viking attack barbarian knight soldiers
It feels like there is a sea-change in the secondaries advisory market. We ain’t seen nothing yet.
canada
Canada Pension Plan Investment Board's recent transaction shows that even at a time of considerable economic uncertainty, big, diversified portfolios can sell – and at a good price.
Southern Water UBS infrastructure fine pension
The pandemic may not have triggered a wave of secondaries buying opportunities, but the effects of the coronavirus are manifesting themselves in subtle and significant ways.
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