The booming secondaries market is reflected in this year's survey, with several respondents closing on twice the deal volume recorded in pandemic-hit 2020.
There is growing speculation that secondaries trading could surpass primary fundraising, as it has in the public markets, write Rod James and Amy Carroll.
The GP-led secondaries market continues to benefit from innovation and shows no signs of slowing down, say Akin Gump Strauss Hauer & Feld partners in this sponsored Q&A.
Innovative multi-asset transactions and deals that offer broad sector exposure are likely to be on the continuation fund menu this year, say Jeremy Duksin and Jonathan Abecassis in this sponsored Q&A.
Private Investment Partners VI can invest in PE, private credit, infrastructure and several other asset classes, with up to 20% going into secondaries.
Chicago-headquartered RCP is in market with its fourth secondaries fund targeting North American lower-mid-market buyout funds.
Representatives from Campbell Lutyens, Partners Group and CalSTRS were among last year’s most quotable denizens of private equity.
The secondaries market is growing significantly, driven in part by GP-led deals. Yet this is only the start of its transformation, say Evercore’s Lea Lazaric Calvert, Jasmine Hunet Lamourille and Francesca Paveri.
At a time when concentrated deals are all the rage, small primary fund commitments can offer necessary diversification benefits.
The rise of GP-led secondaries is raising interesting questions about the level of returns LPs should be expecting, say Investec Fund Solutions' Ian Wiese and Michael Zornitta.