Permodalan Nasional Berhad has historically allocated more to secondaries due to increased liquidity needs, according to Rick Ramli, chief investment officer for private and strategic investments.
The financing tool sidesteps the bid-ask spread – an issue that can sometimes put potential secondaries sales on ice.
Guests from PEI Group's 2023 list of influential women in alternatives including Evercore's Lea Lazaric Calvert and Morningside's Tori Buffery reflect on the past decade in private markets, and analyse the current challenges facing the industry.
The survey, which compiled responses from 101 senior buyout, growth, private debt, VC, real estate and infrastructure executives globally, found that most GPs observed their LPs had interest in such options.
At a recent event focused on 'the future of venture secondaries', GPs and LPs shared the reasons they are so keen on the space.
Crown Global Secondaries VI was launched a year ago, Secondaries Investor data shows.
Tail-end specialist Willowridge Partners closed its latest flagship, Amberbrook IX, on $900m earlier this month.
The deal is said to be set to deliver a monster return to selling LPs.
Secondaries professionals stressed in recent weeks that pricing has improved since late last year, and is expected to continue to strengthen.
Ahead of the release of affiliate title Private Equity International’s exclusive ranking of the biggest secondaries capital-raisers over the last five years, Secondaries Investor delves into the funds' performance.
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