Research & Data

A combination of high valuations, geopolitics and currency concerns is affecting the asset manager's secondaries market outlook.

The figure is four times larger than that sought by firms in January.

Around 18% of buyout funds of vintage 2005-08 are at or near their hurdle rate, many of which will not provide any more distributions to LPs.

Average top pricing for real estate stakes is up nine percentage points year on year, while buyout and VC funds have had declines.

New managers are up, secondaries are down and co-investments remain popular in the latest version of the Rede Liquidity Index.

The US rose, Europe fell and the UK stayed the same - the firms that make up the SI 30 by geography.

As the secondaries firm races towards the target of its latest flagship fund, we look at the performance of Lexington's main vehicles.

More than one secondaries fund held a final close each month on average since we last compiled our ranking of the biggest 30 managers.

The firm is seeking a net multiple of 1.6x and net IRR of 16%, according to a broadcast of the University of Houston System's August board of regents meeting.

More adventurous buyers and a bigger role for intermediaries were among trends to emerge in Setter Capital's latest volume report.