Even though some return mechanisms secondaries buyers have historically looked to are less attractive in today's market, the OCIO firm is encouraging its clients to participate in the growing secondaries market both as a buyer and to reshape its programmes as a seller.
Our inaugural survey takes the temperature of LP, GP, buyer and provider attitudes towards this fast-growing market.
A distribution desert has led to a surge in first-time LP sellers, while a challenged fundraising market has heralded the return of the primary staple.
The insurer worked with Evercore to shop a $1.8bn portfolio under the name Project Trident, Secondaries Investor has learned.
A growing number of LPs in South Korea see secondaries as an opportunity to invest in credit at a low price with downside protection.
Such opportunities 'can provide us with some downside protection against the macro flows rather than going with the flow as part of the herd’, says head and OCIO Seong Sup Cho.
This is at least the sixth time the insurance giant has run a secondaries process.
While infrastructure CVs tend to be completed at or above fair market price, LPs are doubtful that these deals mark the best price that could be achieved, according to panellists at PEI Group’s Infrastructure Investor Global Summit 2026.
Stonehage Fleming and GreenBear Group want ageing funds wound up quickly to avoid issues such as questions around valuations. The secondaries market is a viable resolution route.
Managers who double down on the region and serve investors’ needs will stand better chances of harvesting success.