Commentary

The secondaries market is not just expanding, it’s also changing the entire real estate market, explains Kilian Toms, managing director, real estate partners strategy, at CBRE Investment Management.

As the LP-led market grows ‘white hot’, mosaic transactions are sparking debate among some practitioners over the impact on returns.

Following an era of innovation, secondaries now enters an age of capitalisation with new entrants joining the market, secondaries professionals told PEI Group’s NEXUS summit in Florida.

An increase in dealflow has shone a light on a number of roadblocks, including issues of alignment and short timelines

Is $1trn in annual deal volume achievable? What does the increase in new entrants to the single-asset buyside herald? Why do some firms not like leading deals? All questions up for discussion in Orlando next week.

Impact investing, especially in emerging markets, is a new frontier for most investors; secondaries transactions will ease them in.

Smaller discounts to NAV mean there is a potential window of opportunity that some LPs want to take advantage of before market dynamics change.

Updates to how effectively connected income is treated may lead to an easier and more standardised process for secondaries transfers, argue lawyers from Macfarlanes.

Morgan Stanley research shared exclusively with Secondaries Investor provides evidence that continuation vehicles can meaningfully outperform buyout funds on a median basis

Secondaries capital that comes with deep sector expertise may define the next iteration of the GP-led market.