Perseus’ five legacy funds finally have a new owner in distressed investment firm Centre Lane, giving longstanding LPs a liquidity option. But it wasn’t your average secondaries deal.
Just three advisory firms accounted for nearly half of the estimated $52bn in secondaries activity last year.
Long-standing relationships and LP-friendly terms were key elements in HarbourVest’s €215m stapled transaction with Doughty Hanson.
Secondaries valuations have reached a record high; will they keep climbing in 2015?
The ICG-NewGlobe development highlights continuing shifts in the secondaries market.
Details that emerged this week around Montana’s recent secondaries sales make clear why other US public pensions are increasingly following suit.
Reaching the €100m hard-cap for this year’s annual offering took just three months.
The city’s police and fire pension has lagged on deploying its private equity secondaries allocation. 

Landmark estimates $64bn of dry powder for secondaries – not that much in the scheme of things, but a great deal more might not be healthy either.
Will we start to see more secondaries investors buying and selling infrastructure and real assets fund interests?
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