News & Analysis

With sluggish fundraising and GPs often desperate for capital, LPs are in a stronger position to demand certain concessions that may have been unworkable in the bull market years.

Such deals – where the sponsor retains exposure to an asset – can simplify the exit process via an external buyer determining the valuation.

LPs are facing a difficult choice as they balance liquidity challenges with the deep discounts on offer in the secondaries market.

Generative artificial intelligence is being applied to private markets at breakneck speed. The biggest hurdle to applying these software tools to LP secondaries trades is the market’s lack of standardisation.

There have already been some notable improvements in LP-led pricing in Q3 this year, according to a buyer survey from the advisory firm, shared with Secondaries Investor.

Presenting the latest instalment of Second Thoughts, a special series from Secondaries Investor that delves into the latest trends affecting the fastest-growing market in alternatives.

Now in its eighth iteration, we reveal this year’s most impressive secondaries individuals under 36.

A footnote in the US Securities and Exchange Commission’s new rules suggests continuation funds structured as cross fund trades won’t be subject to third-party fairness opinion and valuation letters.

Single-asset deals priced at more than 9 percentage points higher than their multi-asset counterparts in the first half of this year.