News & Analysis

Board members referenced recent remarks from a Danish CIO that compared private equity to a ‘pyramid scheme.’

The $649bn SWF was 'proactive in monitoring and managing' its existing portfolio last year, including via the secondaries market, according to its latest annual report.

The subsidiary financial services holding company Stifel Financial Corp had advised on $2.5bn of secondaries deals in the three years to June.

Blackstone Strategic Partners IX hit $17.2bn in the third quarter of the year, according to the firm's latest earnings call.

The deal, a concentrated-asset GP-led secondaries process, is among a few that have been able to navigate to final close this year despite the widening bid/ask spread.

Hans Swildens, Jonathan Ting and Wade Cobb of Industry Ventures give six predictions on the rapidly growing VC secondaries market.

Harvest’s tender offer sale is among several that GPs are using to give existing LPs an option to generate liquidity, while trying to boost new fundraisings.

There is misalignment between investors and GPs on the topics of obstacles, red flags and expectations, a Capstone survey finds – however, the market is expected to go through further standardisation.

We catch up with William Greene, managing partner at Stafford Capital Partners, to discuss why some LPs are parting ways with stakes in infra funds and how big this market could become.

Investors who do not participate in GP-led secondaries could be incurring an opportunity cost of at least 15% over the long run, a study by Upwelling Capital Group has found.