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.
Fundraising in the first half dipped year-on-year to $34.5bn, with Hamilton Lane's $5.6bn close on Secondary Fund VI marking the largest raise in H1 2024.
Trading of second-hand stakes in funds and assets will hit a record this year, according to Verdun Perry, global head of Strategic Partners.
One-third of respondents to Secondaries Investor‘s latest survey of intermediaries say they worked with another adviser on a transaction during the reporting period.