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Market participants have been buzzing about a Hellman & Friedman stake sold at a 30% premium to NAV – but does it actually provide a snapshot of overall market activity?
Last year, buyers on average paid 95% of NAV for private equities secondaries -- a trend set to continue, says advisory firm Elm Capital.
A comparison of 2013’s H1 and H2 bids show a 10% shift in the second half as well as a wide dispersion of bids per fund, according to a study by Elm Capital.
The trio are among the 20-most sought after Asian private equity funds, according to Canadian broker Setter Capital.
Cogent's latest pricing report highlights a thriving marketplace.
Is the party over? Houlihan Lokey's Jeff Hammer and Paul Sanabria explore.
Blackstone’s CEO and co-founder Stephen Schwarzman also said in an earnings call earlier last week that 'to our knowledge' no Blackstone private equity fund interest has been sold on the secondaries market.
Average high bids for private equity fund interests fell to 61% of NAV in the five months through November 2008, driven by stale holding values, according to Cogent Partners.
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