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Infrastructure as an asset class proved its resilience during the pandemic and continues to grow in terms of AUM. Now LP investors want to see if it has the inflation protection it has always been associated with too…
Investment bank and boutique advisory firms are moving into the GP-led segment to drive deals forward. Three leading figures explain how the market is changing as a result…
Secondary markets are known for opaque pricing and close networks. Is the advance of data and technology about to change all that in private equity’s growing GP-led space?
Recently established fintech platforms are broadening access to illiquid private equity funds and in some cases building digital secondary markets where high-net-worth investors can find potential buyers long before underlying funds would liquidate.
Service providers, such as Nasdaq who are currently providing a platform called Nasdaq Fund Secondaries which provides GPs with a centralised model to faciliate their transactions for investors, are changing the secondary space in an effort to streamline transactions
Cebile Capital has released its H1 2022 Secondaries Outlook Report, which summarises key trends witnessed in 2021 and early 2022, as well as the outlook for the rest of the year. Active secondaries investors globally were surveyed to gain insight into their investment activity.
The Institutional Limited Partners Association (ILPA) is looking to assuage LP frustrations through a guidance report, with proposed SEC regulations in the background, as the relationship between some GPs and their LPs grows increasingly strained…
A total of 505 venture capital (VC) funding deals were announced in India during Q1 2022 while the disclosed funding value of these deals stood at $9.2 billion, according to GlobalData.
Q&A with Nash Waterman, head of private equity secondaries, Morgan Stanley Investment Management, and Petra Bukovec, partner, Pantheon’s Global Secondaries Team…
Mandate activity among the largest institutional investors soared in 2021 across private equity, private credit, real estate and infrastructure, and hedge funds, according to research commissioned by Vidrio Financial, a provider of software and integrated data services solutions for institutional alternative allocators globally.
The second annual Alternatives Watch Research Investor Compendium tracked in 2021 a total of $130bn in new capital across more than 900 individual Institutional investor mandates of 50 of the top allocators to alternatives.
The report ranks the activity of some of the largest pension plan allocators by alternative asset class and provides a snapshot of some
Law firm Paul Hastings has launched the inaugural Continuation Vehicles Snapshot from its Secondaries team.
The Snapshot outlines the key terms of the continuation vehicles (CVs) that Paul Hastings advised on between Q4 2021 and Q1 2022, offering a useful insight into the provisions found in CVs’ legal documentation. The CVs span a variety of sectors, ranging from healthcare to media. The average size of each was $700m, while total commitments exceed $5bn, and approximately 70% of the CVs related to single-asset deals.
Notably, almost a third (29%) of deals involved sponsors providing 10% of the investor commitment to
Secondary assets being brought to market this year will require industrial strength and value creation potential, as infrastructure, VC and mid-market GPs plan to bring opportunities to market…
In stark contrast to private equity’s buyout market over the past decade, GP-led secondaries are often characterised by too many deals chasing too little capital.
“Sometimes we feel capital-constrained because there’s so much opportunity out there,” says Valérie Handal, managing director of the global secondaries team at HarbourVest.
With the eight largest secondary funds controlling around 50% of the dry powder in the market, according to Hamilton Lane, GPs are having to
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