Research And Data

Coller, Tikehau among firms with funds targeting private credit secondaries

There are 10 such vehicles in market, according to Secondaries Investor data, targeting at least $4.3bn between them.

Four asset classes due to see huge secondaries growth – PJT report

PJT Partners expects private equity secondaries to see $75bn of volume in H2 2024.

Secondaries fundraising slips in H1 following record 2023

Fundraising in the first half dipped year-on-year to $34.5bn, with Hamilton Lane’s $5.6bn close on Secondary Fund VI marking the largest raise in H1 2024.

Blackstone’s Perry: Secondaries volume will reach $140bn this year

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

Secondaries Investor Advisory Survey 2024: Co-advisory mandates arrive

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.

Deferrals become commonplace in GP-leds

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

Where will future LP capital come from? High-net-worths, say buyers

Nine out of 10 secondaries firms expect to see more capital from wealthy individual investors in their next funds, according to research from Investec.

Sponsors double down on GP commitments in continuation funds

Going beyond standard commitment expectations in continuation fund transactions can help sponsors demonstrate alignment.

Secondaries Investor Law Firm Survey 2024: GP-leds boom as expectations for credit secondaries surge – updated

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.

Target returns and fee arrangements of major secondaries firms disclosed

Most secondaries funds in a US pension’s list of 21 vehicles target a net IRR of at least 15% and a return multiple of at least 1.5x.