Secondary funds outperform direct funds in terms of net IRR, according to Capital Dynamics.
Edinburgh-based SL closed its debut secondaries fund earlier this year on $190m and has made three investments so far.
The Swiss-based investment manager believes private equity secondaries pricing could go higher still, but risky assets should be given a wide berth.
Austin-based Employees Retirement System of Texas counts Industry Ventures, Lexington, LGT and Southern Cross among its secondaries fund managers.
The Swiss firm sees value in small- and mid-cap real estate secondaries purchases, as more secondaries sellers come to market.
Aldwych Capital Partners is a €120m feeder fund raised to invest in three funds managed by The Carlyle Group.
Stefan Szczurowski has relocated from Investec's Sydney office to London to strengthen the bank's lending capabilities.
The Colombian division of Skandia Old Mutual isn’t investing in secondaries right now, but anticipates value in the secondaries market going forward.
Macquarie European Infrastructure 4's portfolio includes Open Grid Europe, a German gas transmission network operator.
The Edinburgh-based firm has already invested a third of its debut secondaries vehicle.
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