Western Europe

Max Barnes joined Rede Partners in 2021 from Abrdn and was included in Secondaries Investor’s Next Gen Leaders of Secondaries list last year.

There are some sizeable LP-led portfolios out in the market. However, one LP believes collateralised fund obligations and NAV loans could provide attractive alternatives to traditional portfolio sales.

To create a more comprehensive apples-to-apples comparison, respondents to Secondaries Investor’s annual law firm survey were provided with this set of parameters.

The eighth edition of our law firm survey shows top law firms advising on a collective $856bn of transaction volume, a record high amid a booming secondaries market.

As more GPs seek alternatives to traditional exit paths for their older investments, continuation funds have grown more popular for certain assets.

The pension giant is understood to be looking to offload LP stakes valued between $2bn and just over $3bn.

A quick exit out of a continuation fund can also raise questions about whether a GP knew about a potential exit even while pursuing the continuation fund, or if the offer came out of the blue.

GP-led market could grow to as much as $500bn ‘effortlessly’, AltamarCAM chief executive José Luis Molina tells Secondaries Investor.

AlpInvest chair Ruulke Bagijn and global head of primaries Wendy Zhu say that the Carlyle secondaries unit is seeing higher quality LP-led opportunities come to market.

Private equity secondaries will be a $500bn market by 2030, the firm’s founder and chief investment officer Jeremy Coller tells Secondaries Investor.