Commentary

Liquidity at what price?

While some LPs that had planned to sell into the secondaries market this year are mulling whether the time is right, others are ploughing ahead with their processes – for now.

From highs to lows to opportunities

The secondaries market is shrouded in uncertainty after this week’s volatility. There are, however, reasons to remain upbeat over the longer term.

Does a manager’s secondaries strategy enhance its M&A capacity?

PE firms with more knowledge about assets through their secondaries strategies could be more aggressive in the M&A bidding process.

Who shall prevail coming out of secondaries’ growth spurt?

Conference-goers at the BVCA’s secondaries conference this week mulled over the market’s future, with bifurcation at the heart of some predictions.

Beyond CVs: The rise of direct secondaries

While continuation vehicles may not always be the optimal solution for sponsors and LPs, other attractive liquidity solutions are gaining in popularity, writes Todd Miller, partner at W Capital Partners.

No one size fits all for LP-leds

Some LPs are thrilled with the options being offered amid rising portfolio sale activity, while others are less receptive.

When love and hate collide, you get to $1trn

The road to secondaries market growth is paved with ire and admiration, as attendees at NEXUS 2025 heard this week.

The nexus of secondaries’ future growth

The biggest names in the secondaries market will gather in Florida at PEI Group’s NEXUS 2025 conference next week to map out the key trends that will shape the market in the year ahead.

Does the reward match the workload?

The word ‘record’ is now synonymous with 2024 in the secondaries market. Some have been left disappointed with how they were compensated.

Beware the motivated M&A buyer

There have been two recent instances of continuation funds falling by the wayside in favour of M&A. In some instances, this can cause real headaches.