Home Research & Data

Research & Data

Light painting photography - long exposure, blue and purple fairy lights in swirling patterns on a clean black background
Buyers are requesting a bigger GP stake in continuation vehicles and cross-fund investments are on the rise, according to the advisor.
There was a 'significant uptick' in financing requests for GP-led deals in the third and fourth quarter, according to a survey by the lender.
Secondaries funds returned net IRR of negative 1.75% in Q2 – the only strategy to go into negative territory – according to the latest data from the industry body.
2020 fundraising
Around 38% of capital for secondaries was raised in the fourth quarter, with Goldman Sachs, AlpInvest and HarbourVest accounting for the bulk.
Infra topping the pricing chart and the rise of mosaic sales are two of the trends outlined by Greenhill's 2020 secondaries market review.
Buyers told Setter Capital they expect global secondaries investing to reach an all-time high of nearly $90bn this year.
Almost two-thirds of investors said they expect capital calls to exceed distributions in 2021, according to a survey by Montana Capital Partners.
The preferred equity specialist says it closed transactions this year across Europe, North America and Asia from a total pipeline of around $20bn.
More than 40% of LPs plan to revise their co-investment strategies in light of covid-19, with implications for the secondaries market.
The number of funds coming to market openly offering discounts for early-bird commitments or big ticket sizes is dropping, according to research seen by sister title Private Equity International.

Copyright PEI Media

Not for publication, email or dissemination