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.

risk
Secondaries is a strategy open to several hidden risks and investors need to be aware of potential pitfalls.
5 things
The veteran of Landmark Partners has launched a secondaries-heavy fund aimed at high-net-worth investors.
PTP rules can prove a real pain to LPs that want to sell fund stakes. It’s worth GPs doing all they can to get around them.
fireworks
The fourth instalment of our list of the most impressive industry professionals under 36 is our most diverse.
treasure chest
Evercore's half-yearly report highlights a notable decline in the proportion of LPs choosing to sell in GP-led processes. This could be indicative of profound, longer-term changes.
5 things
With half the market on the beach, it’s time to take stock. These are the stories that generated most interest on Secondaries Investor in the first half of the year.
growth
First-half figures suggest another record-breaking year for secondaries deal volume, despite softer pricing and lower LP take-up in GP-led deals.
light bulb innovation
Recent deals involving Bluegem Capital and Warburg Pincus have put a new spin on single-asset restructurings, raising interesting questions for LPs.
risk, dominoes
Buyers are used to dealing with currency or concentration risk, but information asymmetry is trickier to price.
bamboo forest
Note to sellers: A portfolio containing managers with robust ESG policies is a more enticing proposition.
si
si

Copyright PEI Media

Not for publication, email or dissemination