data snapshot

Returns for secondaries funds rose slightly on a quarterly basis, but the strategy has performed below the All Funds benchmark across all periods, according to data from the Institutional Limited Partners Association.

Credit and distressed funds accounted for 20% of GP-leds deals in H1, according to data from Greenhill.

Secondaries market volume hit $42bn in the first half, a 56% year-on-year increase, including nine deals worth more than $1bn.

A stake in the Dutch PE firm's 2015-vintage fund sold for 121% of NAV, according to a survey of recent transactions by the online marketplace, with average pricing at par.

At least $36bn worth of fund stakes changed hands in the first half of the year with GP-led deals accounting for 34% of the total, according to the intermediary.

Newbury Partners, Pomona and Montana are also among the most suitable candidates for a GP stake investment, according to a report by PitchBook.

Misaligned incentives, a lack of information and tight timeframes are the chief concerns of LPs, a majority of which have encountered a GP-led process.

GP-led strip sales, a steep reduction in the use of deferrals and a big swing in market sentiment were among the defining characteristics of 2018, according to a report by the secondaries advisor.

Declining return expectations, longer deferrals and market volatility are among the factors shaping today's market.

The US overtakes Europe, buyers team up on deals, and energy and VC look primed for a strong 2019, according to the advisory firm's Financial Sponsor Secondary Market 2018 Year-End Review.