While most traditional secondaries market participants scoff at electronic exchanges’ impact on their strategies, some are engaging with them on behalf of their portfolio companies.
The flow and pace of transactions this year is looking very different to previous years, reflecting several new dynamics in the secondaries market.
There are many challenges to US pension plans becoming more active buyers in the secondaries market, but it's the full pricing that's really holding them back.
Stapled deals and restructurings can fall through for many reasons, but it’s often related to pricing that’s too low and LPs who don’t feel the need to sell.
Montana Capital was able to raise €400m in only 10 weeks as LPs are drawn to shorter-life funds.
Secondaries deals are being disrupted by the fact that most of the world’s major public stock indices have fallen between 3 to 8 percent this year.
In a falling NAV environment, buyers are often guessing where NAV will be the following quarter and it can paralyse some market participants.
Increased competition, speedier transactions and market maturation are among the factors impacting fees advisors earn when brokering fund stake sales.
General partners – with and without troubled funds – are increasingly seeing the secondaries market as a fundraising tool.
Retail investors weren’t the only ones rethinking their moves in the midst of recent public market flux.
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