News & Analysis

Buyers are proposing fresh ways of ensuring sponsors stay aligned, according to a panel at PEI’s Investor Relations, Marketing & Communications Forum.

The traditional 10-year fund life hasn’t changed but GPs want to hold assets for longer. That’s where secondaries come in, says the firm’s Barry Miller.

The preferred equity specialist has raised $7.5bn and grown its headcount to 85 since it was founded in 2015.

Assets slated for a secondaries deal periodically get snapped up by outside buyers before the deals can close, a risk that increases the longer such deals linger in the market without closing.

The world’s biggest asset manager in recent weeks amassed nearly $8bn across its debut secondaries fund and its third renewable energy fund.

If 2020 was the year of the generalist mega-fund, this year is showing size is no obstacle in today’s market.

World’s largest infrastructure investor has hired two executives for the New York-based team and intends eventually to raise third-party capital.

There is an art to managing the contrasting cashflow profiles of traditional LP and GP-led secondaries, says Charles Smith, chief investment officer and managing partner at secondaries firm Glendower Capital.

The law firm has been growing its PE funds team, which advised on 150 secondaries deals worth $17.5bn in 2019.

Costs have remained stable in the secondaries market, and using data to price portfolios could make them cheaper, writes RockSling Analytics’ Harry Vander Elst.