The Seattle-based firm noted in its Private Equity Outlook that a general increase in primary private equity investments at high valuations, followed by a market correction, could provide a favourable future entry point.
2 min read · 03 August 2015
Tail-end funds sold at an average 10 to 15 percent lower than more recent funds, according to investment bank and secondaries advisory firm Greenhill Cogent.
2 min read · 03 August 2015
The sovereign wealth fund has hired Cogent to advise on the transaction, which could total about $1bn.
2 min read · 03 August 2015
Deals are being done faster than ever, with binding bids coming in within a week or two, and large sales completing in half the time. That’s the key takeaway from Greenhill Cogent’s half-yearly volume and transaction data, but there are a couple of other driving factors too.
3 min read · 31 July 2015
Carlyle’s investment solutions group, which includes fund of funds arm AlpInvest Partners, lost about $6bn in AUM due to currency changes.
2 min read · 31 July 2015
While the secondaries market is providing a convenient avenue for limited partners to sell fund stakes and access to liquidity, alternatives such as preferred equity have become welcomed opportunities for LPs looking to preserve portfolio upside, explains Pierre-Antoine de Selancy, managing partner and co-founder of London-based 17Capital.
3 min read · 30 July 2015
Healthy private equity distributions could prompt some sellers to hold off from tapping the secondaries market.
1 min read · 30 July 2015
The seller of the fund interest, Legal & General Assurance Society, is winding down its commitments to private equity.
2 min read · 30 July 2015
The use of leverage has become a common occurrence in the secondaries market, but firms like Ardian are making sure they remain cautious when they use debt in a transaction.
1 min read · 29 July 2015
The sale of Banqsoft is the last of 96 exits from the portfolio the firm bought from the Norwegian government in 2003.
2 min read · 29 July 2015
