Commentary

There’s a growing set of more than 28,000 buyout companies with diminished IPO and M&A exit avenues, according to Kline Hill Partners’ Mike Bego.

Fundraising, deal volume, new entrants and people news piqued readers’ attention in what was another dramatic year for the secondaries market.

Our latest episode of Second Thoughts involved a basket of onions, a permanent marker and two well-respected professionals from Kirkland & Ellis and CVC Secondary Partners.

The Kodak-Mastercard Foundation transaction suggests further corporate sellers may come to the secondaries market as they go through structural shifts.

Hollyport’s John Carter and Elm Capital’s Etienne Deshormes delve into why the opportunity in the tail-end secondaries market has grown, yet the number of buyers remains concentrated.

Infrastructure secondaries will benefit from the same drivers of turnover as the private equity market, write AXA IM Prime’s Jean-Pascal Asseman and Faraz Qureshi.

Some of the secondaries market’s biggest buyers have committed LP capital to Accel-KKR’s debut blindpool secondaries fund. What gives?

Retaining talent and maintaining the industry’s culture will be one of the secondaries market’s biggest long-term challenges.

All players – GPs and LPs – are getting more sophisticated in the CV world, and the processes around these deals will continue to evolve.

While a rarity, managers are considering continuation funds on continuation funds, market sources tell Secondaries Investor. Could this become more commonplace across the longer term?