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Repairing pre-crisis partnerships is a $100bn market, but the technical challenges are considerable and best practice remains a work-in-progress.
Current secondaries market dry powder grew from $45bn to $49bn last year, according to UBS.
Funds of funds accounted for 37 percent of Elm Capital’s seller base during the second half of 2014.
About 40 percent of LPs sell stakes to rebalance their portfolios
Portfolio rebalancing is most LPs’ primary reason for selling on the secondaries market, according to Sixpoint Partners.
CBRE Capital Advisors has appointed Philip Barker to lead the business in New York.
An overwhelming majority of limited partners have been involved in at least one fund restructuring in the past two years, according to a survey conducted by Sixpoint Partners.
TorreyCove recommends a ‘strong underweight’ allocation to secondaries.
The $36bn university endowment has hired Cogent Partners to sell some of its real estate interests.
Complex structures, scale and breaching safe harbours top lawyers’ lists of challenges unique to today’s secondaries market.
A group of secondaries firms purchased LP interests in two special situations funds for a single-digit discount to net asset value.
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