Private equity

A recent Palico white paper found 36% of sellers on its platform this year are high-net-worth individuals, compared with just 11% last year.

There’s a new type of entrant to the secondaries buyside, and it’s not your typical buyout-come-secondaries firm.

LP-led deals made up 57% of volume as pricing increased for buyout, credit, and venture and growth, according to the adviser’s half-year report, shared with Secondaries Investor.

The deal is part of a series of large LP sales driven by liquidity concerns, the need to rebalance investment exposures in investment portfolios and strong pricing for high-quality private markets funds.

Details for Patria Secondaries Opportunities Fund V show the vehicle is planning at least two closes this year.

One-third of respondents to Secondaries Investor‘s latest survey of intermediaries say they worked with another adviser on a transaction during the reporting period.

Pricing for high-quality inflection assets with material upside has tightened to the low- to mid-90s, according to chief executive David Layton.

More transactions are using a delayed payment structure in a bid to bridge mismatches in pricing expectations.

The firm is seeking $500m for a dedicated GP-led vehicle which has the potential to deliver enhanced returns.

Secondaries Investor reported in May that CVC Secondary Partners and Pantheon were leading the transaction around TIC asset Normec.