Commentary

The infrastructure secondaries market will benefit policy-makers and investors by stimulating growth and promising attractive yields, writes Charles Ford, of counsel at Hogan Lovells.

Long-standing relationships and LP-friendly terms were key elements in HarbourVest’s €215m stapled transaction with Doughty Hanson.

There's a new wave of supply in emerging market secondaries and buyers with local expertise are best placed to exploit these opportunities, says PineBridge's Valerie Chen (pictured), Cristina Alcaide and Amit Mahajan.

Secondaries valuations have reached a record high; will they keep climbing in 2015?

The ICG-NewGlobe development highlights continuing shifts in the secondaries market.

Madrid-based Altamar has a broad Spanish-speaking LP base and is currently analysing Latin America’s secondaries market, says executive directors Ignacio de la Mora and Miguel Echenique.

Opportunities to offer employees liquidity in company shares are increasing, writes Industry Ventures' founder Hans Swildens and senior associate Ira Simkhovitch.

Early liquidity is becoming a common part of the venture capital landscape, says Benjamin Black, co-founder of direct secondaries firm Akkadian Ventures.

Direct secondaries are set to rise in Asia, where there are guaranteed exit options and more than 6 percent growth says Lucian Wu, the newly-appointed managing director in Auda’s Hong Kong office.

Details that emerged this week around Montana’s recent secondaries sales make clear why other US public pensions are increasingly following suit.