The law firm has been growing its PE funds team, which advised on 150 secondaries deals worth $17.5bn in 2019.
Costs have remained stable in the secondaries market, and using data to price portfolios could make them cheaper, writes RockSling Analytics' Harry Vander Elst.
Activity is driven by secondaries and funds of funds aiming to lock in returns and liquidate old vehicles, according to managing partner Etienne Deshorme.
The listed firm brought the launch of Strategic Equity IV forward by two years due to faster-than-expected deployment.
GPs are no longer spectators in secondaries transactions, which provides opportunities for investors, says Christiaan van der Kam, head of secondaries at the firm.
This is at least the second appointment Goldman's financial sponsors M&A group has made from Lazard after the appointment of MD Alex Mejia who will start in May.
Inheriting an indirect property business when that market is dominated by recapitalisation deals brings further conflict challenges that must be reconciled.
The deals are increasingly seen as an alternative to exit and will drive activity in Asia-Pacific say Greenhill’s Briac Houtteville and Lloyd Bradbury.
The appointment is the latest in a series of personnel movements in the secondaries advisory world.
A positive selection bias, deep due diligence and strong alignment make GP-led secondaries an attractive proposition, write managing directors Brian Mooney and Stephen Sloan in this sponsored Q&A.
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