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.

diversity
The leaders of some of the most prominent firms have spoken out about discrimination.
challenge
The barriers to entry for asset managers keen to get a slice of the pie are higher than they may seem.
ant, leaf, small, tiny
Less competition and a likely increase in the number of smaller forced sellers could make 2020 a good vintage for niche players.
wrestling
The secondaries market offers various tools sponsors can use, regardless of the lack of visibility caused by the covid-19 crisis.
Cash bills
Secondaries market leverage use is facing its first real test. Whether it passes will have implications for the future health and reputation of the industry.
Dayton Carr, VCFA
Dayton Carr, who executed the first ever secondaries deal in 1979, remained focused on returns for his investors until the end.
change
Advisors are likely to widen their scope of deal type this year amid the pause in traditional LP sales and GP-led processes.
Firecracker, powder keg, fuse explosion
Widespread deal syndication could give rise to unanticipated problems amid the coronavirus crisis.
coronavirus
While the covid-19 story has a long way to run, several important themes have started to emerge.
pumpkin pie
GP-led processes were used to isolate top performing assets during the bull market, so why not the opposite now?
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