Secondaries

President and COO Jon Gray expects the secondaries market will continue to grow as LPs seek out liquidity – though he anticipates the ‘re-emergence of M&A activity at scale’ this year.

The firm’s second GP-led fund, which closed on $4bn earlier this month, is over four times the size of its predecessor.

Exchange platforms must contend with a multitude of alternative liquidity paths for holders of private company stakes.

The utilisation of SPACs and manager consolidation had detracted the region’s attention away from the secondaries market, Jefferies’s head of Asia financial sponsors Lars Aagaard argues.

The secondaries market has been breaking records. In Orlando, PEI Group editors sat down with industry attendees for a series of video interviews to discuss the key trends shaping the market.

The investment bank is the latest adviser to see one of its senior leaders depart as market moves continue in earnest.

Coller Capital’s latest Global Private Capital Barometer also found that over a third of LPs plan to increase their commitments to secondaries over the next 12 months.

Private equity firms are winning over senior buyside talent as they look to make their mark in the secondaries market.

Rising dry powder and changing attitudes among LPs trading in the secondaries space have laid the foundation for a more diverse and specialised manager pool.

Jamie Hill and Michelle Cheh are both 10-year veterans of the firm.