News & Analysis

Large deals have helped drive volume since last year in what has continued to be a brisk secondaries market in the general economic recovery.

Secondaries managers will excel if they remain focused on key market fundamentals while continuously adapting, says Pomona Capital’s Michael Granoff.

The Swiss asset manager’s private real estate Asia team has 20 professionals executing primary, secondaries and direct investments.

The appointment is at least the third global hire this year for the investment bank.

The move comes after the law firm promoted two of its professionals, whose work includes secondaries, in January.

‘If you go out five or six years, I think the secondaries market could easily double in size,’ managing director Cari Lodge told Secondaries Investor in September.

The private equity stalwart has appointed former Investec fund financing veteran Tom Glover to help grow a GP and NAV-based lending strategy.

The health crisis has been an exogenous factor that has led some LPs to ‘reassess from the ground up’, according to the Blackstone unit’s Europe head.

Investors in Hopu Masterfund II can roll into a continuation fund with real estate investor and operator GLP China or sell their stakes in a deal that could be worth as much as $2bn.

Ares Management’s agreement to buy Landmark Partners could be the latest in a chain of consolidation moves in the secondaries industry. We examine the ownership of firms that comprise our SI 30 ranking to see who might be next.