People

Forethought is key to a successful secondaries strategy in 2024

While many private markets investors and managers grapple with liquidity issues, there is one pocket of the market that stands to benefit.

StepStone elevates secondaries exec to partner in latest promotion round

The firm promoted eight professionals to partner and 18 to managing director.

MassPRIM promotes within to build GP-led secondaries programme

The system recently changed its policy to allow for quick commitments to continuation funds.

Neuberger Berman: Secondaries buyers could find themselves in China’s ‘best vintage’

China funds are trading at a 50% discount to NAV even after a decline in private markets valuations, according to managing director Kent Chen.

Canada’s Overbay bulks up with hire of Devon Park exec

Sebastien Siou, who has prior experience at Whitehorse Liquidity Partners and CPP Investments, joined the LP secondaries firm this month.

GP-led activity will drive PE market deal volumes in 2024 – panel

Dealmaking is due for a comeback this year with the return of financial sponsors and more demand for liquidity, according to a panel at IPEM Cannes.

Banner Ridge’s Cusano: fundraise was less about strategy and more about results

Banner Ridge reached a $2.15bn final close for its latest flagship fund this year, smashing its $1.4bn target.

Inside Houlihan Lokey’s acquisition of Triago

The acquisition lays the foundation for a one-stop shop for clients of both organisations, according to Andy Lund and Matt Swain.

Top five people moves of 2023

It’s time to refresh your memory on what the biggest personnel moves in the secondaries market were this year.

Lazard: Pricing in 2023 caused a trade-off between LP-leds and GP-leds

Wider discounts in the LP portfolio market drew buyers to fund stake transactions over sponsor-initiated deals in H1, according to Holcombe Green, global head of private capital advisory at Lazard.