Nine out of 10 secondaries firms expect to see more capital from wealthy individual investors in their next funds, according to research from Investec.
Going beyond standard commitment expectations in continuation fund transactions can help sponsors demonstrate alignment.
The eighth edition of our law firm survey shows top law firms advising on a collective $856bn of transaction volume, a record high amid a booming secondaries market.
Most secondaries funds in a US pension's list of 21 vehicles target a net IRR of at least 15% and a return multiple of at least 1.5x.
All four of Glendower’s active secondaries funds have achieved their expected MOIC, according to CVC’s IPO prospectus.
The country's official cabinet has published a nine-point circular to ‘strengthen supervision’ on capital markets, including updates on listing process and delisting regulations.
Continuation vehicles across different geography, size and industry of underlying assets have generated similar return multiples.
Virginia Retirement System and the State of Wisconsin Investment Board were among the most active LPs making secondaries investments last year.
There was a sharp spike in the use of deferrals last year, driven by improved pricing for GPs and additional benefits for secondaries buyers, according to partner Gerald Cooper.
Ares Management data, shared with Secondaries Investor, shows deal volume for the asset class fell 21% in 2023 from the record $12.4bn clocked the year prior.