Commentary

Thought leadership from the secondaries sector’s leading voices including legal experts, industry veterans, asset class specialists (from real estate to private equity) and academics.

Are buyers really attracted by higher valuations?

The US prosecutor’s claim that Abraaj ‘boosted’ valuations to entice secondaries buyers is at odds with market logic.

Young Guns of Secondaries: The countdown begins

We need your help to compile the industry’s only ranking of the most impressive professionals under 35.
glass slipper

The private equity secondaries market: a Cinderella story

The secondaries market's transformation into a $70bn market is due to both a wave of the Fairy Godmother’s wand and the payoff for years of scrubbing floors, write Houlihan Lokey's Jeff Hammer and Paul Sanabria.

Caspersen’s out of prison; has anything changed?

The release of former restructurings expert Andrew Caspersen should remind the private equity industry more scrutiny is a good thing.

Why Alaska Permanent is avoiding secondaries… for now

The market is too competitive and those who bought stakes after the global financial crisis look like 'super smart money' now, the $65bn fund's director of investments Stephen Moseley tells Secondaries Investor.

Private equity needs to become a liquid asset class and here’s why

LPs not proactively managing their mature fund commitments are incurring potentially huge opportunity costs.
Africa

Carlyle’s Africa fund is a prime candidate for a GP-led secondaries process

Emerging market GP-led deals are rife with difficulties but Carlyle’s name and the dynamics of the secondaries market suggest a deal can be done on its Africa fund.

Buyers anticipating a Japanese free-for-all may have to wait

Norinchukin Bank’s $5bn portfolio sale is driven by regulation, but it may well be some time before similar deals come to market.
Aerial view of supported hands out together

Blackstone’s impact success hinges on its secondaries relationships

The private equity giant's push into impact investing relies on the GP relationships and fund commitments its Strategic Partners unit has built.

What lawyers think about stapled deals

The impact of SEC attention, the right way to get a fairness opinion and the growing influence of the LPAC – just some of the topics discussed on Secondaries Investor’s upcoming stapled deals podcast.
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