Two-thirds of last year’s secondaries deal volume was conducted through an intermediary, a 12% rise from the previous year, according to a Setter Capital survey.
1 min read · 11 April 2016
The firm estimates there is about $55bn of dry powder in the secondaries market, up from $49bn a year earlier.
1 min read · 04 April 2016
Median high bids for buyout stakes rose to par in the second half of last year, according to a report by Elm Capital that analysed its own dealflow.
2 min read · 27 March 2016
Sales of stakes in funds of funds also increased as LPs moved to direct fund investments or segregated accounts, according to a report by Elm Capital.
2 min read · 21 March 2016
Most strategies saw a dip in fundraising last year compared with a year earlier, with growth funds also experiencing a similar level of decline.
1 min read · 14 March 2016
Fund of funds and secondaries strategies are the second most popular this year, accounting for 22.8% of the capital committed so far.
1 min read · 07 March 2016
Volatility in public markets and macroeconomic uncertainty are making secondaries participants more cautious, which affects pricing.
1 min read · 29 February 2016
Secondaries was one of only three strategies to generate positive IRRs on a quarterly basis alongside European private equity and venture capital funds.
1 min read · 22 February 2016
Bids fell by almost 15 percentage points last year amid an increase in the proportion of tail-end stakes being traded on the secondaries market.
1 min read · 15 February 2016
Higher public exposure and limited upside in tail-end fund stakes will drive pricing further apart for good- and poor-quality assets, according to a new report.
1 min read · 08 February 2016
