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Real estate secondaries volumes dip in H1 2019 – Setter

Deal volume in the asset class fell almost 40% during the period – a dip which is expected to be temporary.
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Setter: State of the secondaries market in five charts

Interactive charts showing seller composition, the increasing dominance of the largest firms and other key points from Setter Capital's half-year report.

Secondaries under-performs other strategies over all periods

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.

Greenhill: 2019 volumes on course to exceed $90bn

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

Waterland tops Palico fund pricing list

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.

Secondaries market set for another record year – NYPPEX

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.

GP stakes: Coller, Glendower among prime secondaries targets

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

Coller survey: Alignment is LPs’ biggest concern in GP-leds

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.

Campbell Lutyens’ secondary market overview: 4 takeaways

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.

UBS secondaries market survey: 5 takeaways

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