Leerink Capital Partners recently raised a new $192 million fund along with Revelation Partners to invest in direct secondaries in healthcare companies. Scott Halsted, managing director at Revelation, explains the strategy and the current environment for healthcare secondaries investments.
3 min read · 02 July 2015
With strong deal flow and high pricing expectations, demand for direct secondaries is robust, but the market also tends to reflect a disconnect to the fundamentals, according to Hans Swildens, chief executive and founder of Industry Ventures.
3 min read · 22 June 2015
With only few active buyers, the secondary market for timberland fund stakes remains quite illiquid compared to other asset classes, creating inefficiencies and offering attractive discounts to net asset value, says Thomas Goodrich, a partner with Stafford Capital Partners.
3 min read · 08 June 2015
With its recently launched matching engine for alternative investments, Tullett Prebon is hoping to facilitate transactions in the secondary market for sellers and buyers, says Suchita Nayar, head of alternative investment North America at Tullett Prebon Alternative Investments.
3 min read · 01 June 2015
Navigating full pricing, the rise of restructurings and the use of seller financing in today’s booming secondaries market were among the topics debated recently in New York at a PEI roundtable.
10 min read · 29 May 2015
Most of the secondaries opportunities in Israel are in venture funds that have invested in hard core technology assets, but evaluating the underlying portfolio companies is a challenge for most buyers, says Alan Feld, co-founder and managing partner of Vintage Investment Partners.
5 min read · 01 May 2015
CBRE is readying for an increase in one-off transactions that take advantage of immediate pricing opportunities, says senior managing director Philip Barker.
5 min read · 24 April 2015
The Swiss asset manager has seen a lot of tail-end fund interests come to market, but they are often much lower in quality than what the firm is looking for, said head of secondaries Nico Taverna.
3 min read · 13 April 2015
Ed Gander (pictured), London-based co-head of the global private fund group at Weil, Gotshal & Manges, and associate James Bromley explain their take on the difference between a fund restructuring and recapitalisation.
3 min read · 27 March 2015
Sam Green, private equity investment officer at the Oregon State Treasury, talks dry powder, pricing and ‘tactical shifts’ in secondaries strategies.
2 min read · 20 February 2015
