North America

LP-led deals made up 57% of volume as pricing increased for buyout, credit, and venture and growth, according to the adviser’s half-year report, shared with Secondaries Investor.

Tim Henn, who has joined from JPMorgan as head of private equity secondaries, tells Secondaries Investor the firm plans to invest in deals with GPs it knows through its platform.

Trading of second-hand stakes in funds and assets will hit a record this year, according to Verdun Perry, global head of Strategic Partners.

The firm has appointed five managing directors across its secondaries and placement agent businesses.

Private Equity Strategic Opportunities Fund V is aiming to deliver a 1.8x-2x multiple for investors.

One-third of respondents to Secondaries Investor‘s latest survey of intermediaries say they worked with another adviser on a transaction during the reporting period.

NewView was spun out of Silicon Valley venture giant NEA in 2018 through a $1.35bn secondaries deal backed by Goldman Sachs and Hamilton Lane.

The venture secondaries market is taking off, yet many GPs and LPs are still unfamiliar with how such transactions work.

More transactions are using a delayed payment structure in a bid to bridge mismatches in pricing expectations.

New and existing VC secondaries players have raised billions in fresh capital as liquidity needs show no signs of slowing.