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.

With roughly $40bn in deal volume last year and transactions spanning various asset classes and strategies, the secondaries market is as active as ever, as our new advisory survey finds.
Secondaries Investor made a flying tour of Hong Kong and Japan this week. Here are some of the key themes that emerged.
Secondaries Investor is in Hong Kong and Japan this week and next to find out if Asian secondaries are living up to their promise.
Three reasons why energy-related secondaries deals are gathering pace.
A little due diligence goes a long way, and that’s no less true for secondaries than any other part of the financial services industry.
There are enormous pools of money in Japan just waiting to be deployed into alternative assets, and the secondaries market is the logical place for institutional investors there to start.
Sales of tail-end fund stakes are expected to increase this year, so buyers will have to carefully weigh the enticing discounts against some potential portfolio howlers.
While infrastructure accounted for just $1.6bn of the secondaries market last year, funds needing liquidity solutions could be valued at tens of billions.
Dealflow in real estate secondaries jumped 71% last year and market participants say another rise this year will be dependent of a couple of things.
Leveraging a portfolio for liquidity can be similar to refinancing a property, but what effect does this have on the secondaries market?
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