In Alternative Views, Private Equity Wire® goes behind closed doors with those in the know to get the latest on private markets. In this episode we discuss secondaries and their use in evergreen funds with Edouard Boscher, head of private equity at French asset manager Carmignac.
We discuss the primary motivations for secondaries transactions (1:09); discounts in the secondary market (3:30); the prospect of a valuation reset (5:26); how the shorter duration of secondaries can be used to support an evergreen fund (7:01); keeping cash on hand for evergreens (8:51); and managing redemptions (10:38).
