Editor Insights

Why it’s hard to form a view of credit secondaries

Despite Coller Capital raising a record-breaking fund for the strategy, LP sentiment for credit secondaries does not appear to be as supportive as one might think.

2 min read · 10 February 2022

Terms maker or terms taker?

While there are advantages to using an M&A process to set the price of a GP-led deal, buyers should not wear the technology out.

3 min read · 03 February 2022

The LP burden of GP-led deals

While secondaries activity shows no signs of slowing, LPs and GPs need to get on the same page about how to smooth out this process for institutional investors going forward.

3 min read · 27 January 2022

Less secondaries capital, more widely spread

Secondaries fundraising figures for 2021 came in more than $35bn shy of the prior year, but they were more impressive than they seem.

2 min read · 20 January 2022

We need to talk about accounting

LPs should be aware that buyers often mark up assets to par on day one, even if they are acquired at a discount.

2 min read · 13 January 2022

Secondaries market seeks family fortunes

Family offices continue to make up a small percentage of sellers in the secondaries market, though the GP-led market is forcing them to think about their portfolios in a new way.

2 min read · 06 January 2022

What will the secondaries market look like in 2022?

Everyone loves a prediction; here are what key market participants think are likely to define the secondaries market in the coming year.

4 min read · 16 December 2021

Women in Private Markets Summit – who said what about secondaries?

The subject of secondaries came up frequently at PEI’s Women in Private Markets Summit, held in the first week of December. Here are some of the issues that are top of mind.

2 min read · 09 December 2021

Single assets are more versatile than many think

The lack of broader acceptance from LPs is preventing buyers from fully tapping the single-asset market.

2 min read · 02 December 2021

The primary benefits of primary commitments

At a time when concentrated deals are all the rage, small primary fund commitments can offer necessary diversification benefits.

3 min read · 25 November 2021

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