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Mario Giannini_Hamilton Lane
Secondaries was the biggest driver of growth in AUM for the investment manager.
ant, leaf, small, tiny
Less competition and a likely increase in the number of smaller forced sellers could make 2020 a good vintage for niche players.
Coronavirus
Institutions hurt by 'chronic corporate earnings disruption', such as university endowments, could come under pressure to sell on the secondaries market.
Illustration of businessman climbing a mountain
Secondaries has a bigger toolkit at its disposal to support the market's long-term growth during a crisis that bears similarities to the 2008 GFC.
pricing
Valuations and pricing have become closely linked as buyers put less emphasis on future upside when evaluating assets, according to Elm Capital.
Coronavirus
In part two of our mini-series on the impact of debt on secondaries deals during the coronavirus crisis, we examine how the steep decline of NAVs can have powerful implications for the future of the SPV leverage market.
ADIA
The sovereign wealth fund giant had received interest from firms including Ardian over the sale of a portfolio potentially worth more than $2bn.
covid
In the first of a series on the implications of leverage use by secondaries funds in a downturn, we look at fund-level facilities.
puzzle
The world's largest asset manager also eyes an opportunity to buy highly coveted, rarely traded fund stakes, according to secondaries co-head Steve Lessar.
Covid-19
The growth of the secondaries market has halted, though certain segments remain open to LPs and GPs, according to Andrew Gulotta of Sixpoint Partners and DLA Piper's Adam Tope.
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