According to mid-year advisory reports, the secondaries market is looking at a potentially record-breaking finish to 2024.
One in three private equity funds missed their fundraising targets in H1 2024, compared with 4% of secondaries funds.
Transfer agreements are seen as a $100,000 'copy & paste job' by some and 'complex legal contracts' that law firms are losing money on by others.
With HarbourVest closing on $15.1bn for Dover Street XI, Secondaries Investor takes a look at how the firm's flagship secondaries vehicles have delivered across IRR, TVPI and DPI.
Average bids for secondhand stakes in private debt funds rose to their highest point since at least 2017.
There are at least 14 secondaries vehicles seeking capital to invest in the asset class, Secondaries Investor data shows.
Tender offers represent a reliable way for secondaries buyers to provide liquidity to private company shareholders, according to a report by Bryan, Garnier & Co.
While this year has not seen a large-scale close, several funds with hefty targets remain in market.
There are 10 such vehicles in market, according to Secondaries Investor data, targeting at least $4.3bn between them.
PJT Partners expects private equity secondaries to see $75bn of volume in H2 2024.