Opinion

Small- and mid-sized GPs are following their larger peers to the CV market at a clip – relationship management within their LP base, however, is arguably a more thorny issue.

With most capital already deployed, sponsors and LPs are tailoring personnel, triggers and remedies to individual assets in continuation vehicles.

APAC has been waiting for an uptick in secondaries volume similar to that of North America and Europe, particularly when it comes to GP-leds. Right now, no one would be surprised if activity stalled completely.

More secondaries investors are doubling down through CV-on-CV transactions, bringing price discovery and other potential conflicts into sharper focus.

Continuation vehicles are succeeding because they’re solving real problems for LPs.

As buyers position themselves in the market, they need to ensure they have all the ‘whistles and bells’ to cater to sellers and investors, CVC Secondary Partners’ head, Carlo Pirzio-Biroli, tells PEI Secondaries Investor.

The close of the asset manager’s $1.5bn CFO marks the latest example of its work to expand its private markets offering to a wider set of investors, co-head of private markets product at Franklin Templeton, Jake Williams, tells PEI Secondaries Investor.

Secondaries could offer a vital exit route for impact funds, but alignment between buyer and seller is key, writes Marieke Spence, executive director of Impact Capital Managers.

A new name at the top of SI 50 shows how consolidation is changing the competitive landscape in the buyer universe.

Senior secondaries execs have made some bold predictions for market volume by 2030. There are, however, hurdles to consider when looking at the future of the market.