Only 12 percent of investors plan to sell assets via a secondaries exchange or platform, according to a survey conducted by SEI.
Top Tier Venture Capital VII will invest in secondaries alongside the firm’s debut dedicated secondaries and co-investment fund.
The Rockspring Pan European Property Fund invested in Portugal-based shopping centres RioSul and SerraShopping.
The amount of capital funds of funds allocate to secondaries has nearly doubled in the past decade.
Roughly 54 percent of LPs believe current secondaries valuations are too high, according to a report from SEI.
Secondaries buyers are increasingly using deferred payments and leverage to compete for assets. But smart structuring can also lock in returns in case there’s a new downturn in the euro zone.
The multi-manager arm of the New York-based investment bank has closed its latest real estate secondaries fund on just north of $500m.
The direct secondaries firm has opened a second office on Kendall Square in Cambridge, Massachusetts.
Wyley Scherr is leaving the firm weeks after he was promoted from vice-president to principal.
PineBridge Secondary Partners III had been targeting $500m.
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