News & Analysis

After an era of exuberance, expansion and ‘rockstar’ roles, sustainability in private markets is being more closely tethered to value creation.

Roughly half of the CV’s value is concentrated in two portfolio companies, Secondaries Investor understands.

Secondaries is not about stressed portfolios or assets that firms cannot sell – it is about capital allocation and repositioning, according to CEO Harvey Schwartz.

The firm, which has opened an office in Hong Kong, closed at least five such transactions in the region this year, according to Jason Yao, head of Greater China.

The fund is looking to collect up to $1.5bn more through December and has already deployed $8bn.

The change in the investment policy will streamline the SBI’s investment process and keep it in line with the policies of its peers, according to its CIO.

Some GPs view continuation vehicles as ‘temporary measures’, according to the financial services firm.

The vehicle from the tail-end secondaries specialist is the latest vehicle to smash its fundraising goal this year.

Endowment sales ticked up in the first half of this year to around 15% of overall LP sales, according to Campbell Lutyens’ half-year volume report.

Aqualis Partners is looking to take advantage of the growing and increasingly attractive small-cap market.