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Half of investors actively buy LP stakes

The percentage of investors purchasing LP positions edged up from 45% last year to 50% this year, according to Probitas Partners.

The percentage of investors that actively buy limited partner fund stakes on the secondaries market increased to 50 percent this year, according to a survey by Probitas Partners.

Last year, about 45 percent of investors reported being active buyers of LP stakes.

Activity on the direct secondaries market also edged up. About 14 percent of investors buy direct positions in companies, according to this year’s survey, compared to 13 percent of investors last year.

Despite claims that the secondaries market is currently a “seller’s market”, the number of sellers surveyed in the report remained stagnant at 31 percent year-over-year.

The survey respondents include a mix of public and corporate pension plans, fund of funds, family offices, endowments, foundations, consultants and advisors.

Source: Probitas Partners’ Private Equity Institutional Investor Trends for 2015 Survey