Single Assets

While some participants have described secondaries activity as somewhat subdued in the early part of the year, numerous deals continue to work through their processes that had been launched last year.

The new questionnaire asks GPs to disclose details including transaction terms and asset returns.

Traditional buyout firms are taking advantage of what is widely considered a deficit of capital available for the growing number of opportunities in the secondary market, as GPs and LPs seek ways to monetise assets in older funds.

Daniel Ward, a former principal at CPP Investments, has joined Hg’s secondaries team as the firm builds up investment capacity in GP-leds.

Former Blackstone dealmaker Mustafa Siddiqui’s firm, which launched in January, completed its first CV with K1 Investment Management and has since made three further investments, Secondaries Investor understands.

Do limited partner advisory committees have any relevance in a world where a sole LP wants to have its day in court?

Another CV failure has recently grabbed headlines. The secondaries market is limited on publicly celebrating its wins.

The single-asset process is part of what looks to be record-setting secondaries activity this year that appears headed for more than $200bn of total volume.

A new survey shows some investors – especially larger ones – are more willing to use evergreen capital to cut bigger cheques for CVs and participate in syndication.

Though India’s secondaries market remains comparatively nascent, its development has been bolstered in recent years by a confluence of regulatory changes, favourable market conditions and successful case studies.