News & Analysis

LPs want liquidity and GPs want to be in a position to offer it to them, while both want secondaries volume.

In episode four of the Decade of Secondaries Investing podcast miniseries, sponsored by Ares Management, Dawson Partners and Proskauer Rose, we look at whether the region’s secondaries market can continue its winning streak.

Blackstone’s move to combine its GP stakes and secondaries businesses raises questions about how players in both markets should address potential conflicts of interests.

The momentum on Fund VIII, which is targeting north of $10bn, is aiding its private equity secondaries vehicle targeting private wealth investors, according to chief executive Harvey Schwartz.

The deal is an example of the type of ‘clean up’ deals routinely run by fund of funds and secondary shops.

Large-cap contemporaries including Apollo Global Management and Leonard Green & Partners have launched or are launching buyside businesses focusing on the strategy.

All four of Glendower’s active secondaries funds have achieved their expected MOIC, according to CVC’s IPO prospectus.

HarbourVest Partners, LGT Capital Partners and Pantheon backed a $700m single-asset transaction involving the National Stock Exchange of India.

The firm’s incoming CEO aims to provide private wealth investors with access to a full suite of investment strategies, including secondaries.

In this third episode of the Decade of Secondaries Investing miniseries, Goldman’s Harold Hope and Lazard’s Holcombe Green discuss how continuation fund technology has developed to facilitate single-asset continuation funds and the runway for further growth.