The investment banks accounted for almost half of last year’s roughly $37bn in deal volume, Secondaries Investor’s annual survey of intermediaries has found.
3 min read · 28 March 2017
Buyers are focusing on simply deploying the large amounts of dry powder available rather than seeking strong financial returns, according to the intermediary.
2 min read · 27 March 2017
With the UK set to trigger the formal process to leave the EU on Wednesday, take our two-minute survey and tell us how the referendum has affected your operations over the last nine months.
1 min read · 26 March 2017
The firm’s best performing secondaries vehicle by investment return is its 2000-vintage Lexington Capital Partners IV, documents from a US pension show.
2 min read · 21 March 2017
Buyers paid more than 90% of NAV for fund stakes in the strategy as a hedge against possible market falls, according to Setter Capital.
2 min read · 13 March 2017
The distribution waterfall, a narrowing between gross and net IRR spreads and disclosure and transparency are among the key terms and conditions driving the GP-LP dynamic, according to the law firm.
2 min read · 09 March 2017
Setter Capital says timber accounted for the majority of transactions within the $331m in secondary sales of stakes in agriculture and timber funds recorded in 2016.
2 min read · 07 March 2017
In this extract from The Secondaries Market, James Sunday and Min Zhou of Landmark Partners look at who’s buying real estate secondaries, the geographic exposure of funds traded and the size and structure of transactions.
4 min read · 07 March 2017
Fewer buyers sought IRRs of above 15% last year compared with a year earlier, a survey by advisory firm Cebile Capital has found.
2 min read · 01 March 2017
