Research And Data

GP-led deals surged through second half with secondaries set for big year – Jefferies

Strengthening pricing drove activity, helped by stabilising interest rates and an overall improvement in economic outlook.

Secondaries market records second-biggest year ever – Evercore

LP-led deals drove the bulk of volume last year and accounted for 55% of total trading, according to data from the investment bank shared exclusively with Secondaries Investor.

Increase in LPs seeking to back secondaries funds – LP Perspectives Survey

It’s a bright picture for investor interest in the strategy, affiliate title Private Equity International’s LP Perspectives 2024 study has found.

GP-led secondaries begin to gain track record with returns beyond 2x – PJT

Traditional LPs contemplating GP-led focused funds have been intent on identifying examples of fully crystallised continuation funds in recent years.

Valuation certainty and surge in dry powder drives pricing higher – Campbell Lutyens

There have already been some notable improvements in LP-led pricing in Q3 this year, according to a buyer survey from the advisory firm, shared with Secondaries Investor.

DOWNLOAD: First-half secondaries fundraising pops back up with $37.2bn raised

The total amount raised between January and June eclipses all of 2019 when just $36.9bn was collected in final closes.

Lower distributions push more LPs to sell in GP-leds – survey

More LPs in Asia-Pacific are willing to cash out in a sponsor-initiated process to accelerate distributions than their North America and European counterparts.

Liquidity options, portfolio rebalancing to drive secondaries deals – Coller survey

Fewer investors are using the secondaries market to lock in returns or to refocus their portfolios on the best-performing managers, compared with six months ago.

Secondaries Investor Law Firm Survey 2023: GP-leds dominate as a new firm takes top spot – updated

Now in its seventh year, our latest survey of law firm activity shows an industry advising on a collective $754bn of transaction volume.