Research And Data

Performance watch: Glendower’s returns since inception

All four of Glendower’s active secondaries funds have achieved their expected MOIC, according to CVC’s IPO prospectus.

Bain: China’s new IPO regulations could bolster secondaries market

The country’s official cabinet has published a nine-point circular to ‘strengthen supervision’ on capital markets, including updates on listing process and delisting regulations.

Single-asset CVs offer steadier returns than buyout funds – Evercore

Continuation vehicles across different geography, size and industry of underlying assets have generated similar return multiples.

DOWNLOAD: The biggest LP commitments to secondaries funds in 2023

Virginia Retirement System and the State of Wisconsin Investment Board were among the most active LPs making secondaries investments last year.

GPs look to multi-asset continuation funds for DPI – Campbell Lutyens

There was a sharp spike in the use of deferrals last year, driven by improved pricing for GPs and additional benefits for secondaries buyers, according to partner Gerald Cooper.

Real estate secondaries drop to pre-2021 levels from record high

Ares Management data, shared with Secondaries Investor, shows deal volume for the asset class fell 21% in 2023 from the record $12.4bn clocked the year prior.

LP appetite for credit secondaries funds soars – PDI survey

A record one-in-five investors are planning to invest in the strategy, according to affiliate title Private Debt Investor’s latest LP Perspectives Study.

LP sales for liquidity purposes rose four-fold last year – Lazard

Lazard expects deal volume this year to approach or exceed 2021 levels as LPs and sponsors seek innovative liquidity options in the secondaries market.

DOWNLOAD: Behind 2023’s record fundraising numbers

Lexington Partners, Strategic Partners and Goldman Sachs Asset Management played a pivotal role in driving fundraising in the secondaries space last year.

Liquidity the primary use case for GPs looking to enter secondaries processes – PJT

More than one in four GPs used the secondaries market to extend hold periods, while a further 18% were enticed by unfunded commitments, according to the investment bank.