pricing

The market is too competitive and those who bought stakes after the global financial crisis look like 'super smart money' now, the $65bn fund's director of investments Stephen Moseley tells Secondaries Investor.

Buyout fund Sun Capital VI commanded a 26% premium to NAV, according to a survey by the online secondaries marketplace.

The firm invested $7.7bn in 'portfolio assets' that include secondaries deals last year.

Speaking on a Secondaries Investor podcast, the advisory firm and placement agent's chief executive noted that the quality of the manager can negate a drop in pricing caused by staple offers.

The secondaries market is making it harder for GPs to massage their fund performance figures, according to EMEA head Jim Strang.

LPs should consider what an offer from a secondaries buyer means for a GP's future, according to panel participants at an industry conference in London.

Latin America is poised for increased deaflow at decent discounts, according to Spectra Investments' Ricardo Kanitz.

The average top price for funds of funds has hit 87% of NAV as buyers start to view them as 'high-quality indices', according to Setter Capital.

Buyout stakes trading at 10% premiums to NAV last year were 'not uncommon'.

The recovery of oil prices has boosted the attractiveness of the asset class, according to analysis by intermediary Setter Capital.