Widespread deal syndication could give rise to unanticipated problems amid the coronavirus crisis.
While the covid-19 story has a long way to run, several important themes have started to emerge.
GP-led processes were used to isolate top performing assets during the bull market, so why not the opposite now?
The niche strategy is coming into its own, as it did back in the global financial crisis.
The GP-led secondaries market has long touted itself as a creative panacea for managers and LPs; in this challenging period it’s time to step up to the plate.
The economic shock caused by coronavirus is already filtering down into the asset class.
Secondaries firms with local knowledge and an appetite for bureaucracy could reap the rewards.
Secondaries recruiters are having to think creatively to fill advisory side positions in a market where talented and suitable candidates aren’t immediately obvious.
Private debt is behind other alternative asset classes when it comes to secondary activity and opinions differ as to when it’s worth taking seriously.
In Asia, which holds a lot of promise for secondaries investors, hopes of increased deal volumes face an uphill battle.
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