Real estate

‘The last several years have been very volatile… The fact that we still saw this record volume is remarkable,’ Jefferies’ Scott Beckelman tells Secondaries Investor.

Secondaries fundraising saw its second-strongest first six months across a six-year period, with Q1 accounting for the bulk of activity.

As refinancing pressures mount and exits remain elusive, real estate investors are turning to recapitalisations to unlock liquidity and extend hold periods in a challenging market, writes Giovanni Legorano.

The secondaries market is increasingly used to reconcile competing investor objectives with a broadening base of investors flocking to the asset class. These developments are permanent.

As managers seek liquidity without relinquishing prized assets, secondaries are becoming a permanent channel for capital flow.

A growing cohort of institutional investors are turning to real estate secondaries as global buyers look for exposure to in-demand asset classes.

Investors are using secondaries to unlock liquidity, retain high-conviction assets and reposition platforms for growth.

Introducing Secondaries Investor’s new and improved Advisory and Law Firm surveys – a more granular way of tracking an increasingly sophisticated marketplace.

Ahead of first-half volume reports, secondaries advisers share their views on what the market can expect in H2 following the latest wave of macro volatility.

Secondaries Investor’s list of buyers’ top book and podcast recommendations offers something for everybody to enjoy on this year’s vacation.