Commentary

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

The secondaries market offers significant opportunities, but in light of macro uncertainties, it is best to focus on being prepared rather than making predictions, says Pomona Capital’s Michael Granoff.

The secondaries market is growing significantly, driven in part by GP-led deals. Yet this is only the start of its transformation, say Evercore’s Lea Lazaric Calvert, Jasmine Hunet Lamourille and Francesca Paveri.

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

Appetite for secondaries rises as more investors recognise it as way to increase exposure to real estate, according to James Jacobs, head of real estate for Lazard’s private capital advisory group.

Let us know your highlights from the past year in what will be the 20th year of affiliate title Private Equity International’s PEI Awards.

In one swoop, the asset management giant has added $34bn of fee-bearing alternatives AUM.

GP-led deals accounted for a majority of transaction volumes in the first half – don’t bank on a repeat.

Mid-market secondaries funds have seen an increase in inflows during 2021 after the big players staked out the battleground last year.

The VC secondaries market is booming but buyers should beware entering a booming market at a time of sweeping change.