Secondaries was the biggest driver of growth in AUM for the investment manager.
2 min read · 02 June 2020
Less competition and a likely increase in the number of smaller forced sellers could make 2020 a good vintage for niche players.
3 min read · 21 May 2020
Institutions hurt by ‘chronic corporate earnings disruption’, such as university endowments, could come under pressure to sell on the secondaries market.
2 min read · 21 May 2020
Secondaries has a bigger toolkit at its disposal to support the market’s long-term growth during a crisis that bears similarities to the 2008 GFC.
7 min read · 18 May 2020
Valuations and pricing have become closely linked as buyers put less emphasis on future upside when evaluating assets, according to Elm Capital.
2 min read · 14 May 2020
In part two of our mini-series on the impact of debt on secondaries deals during the coronavirus crisis, we examine how the steep decline of NAVs can have powerful implications for the future of the SPV leverage market.
4 min read · 12 May 2020
The sovereign wealth fund giant had received interest from firms including Ardian over the sale of a portfolio potentially worth more than $2bn.
2 min read · 05 May 2020
In the first of a series on the implications of leverage use by secondaries funds in a downturn, we look at fund-level facilities.
4 min read · 05 May 2020
The world’s largest asset manager also eyes an opportunity to buy highly coveted, rarely traded fund stakes, according to secondaries co-head Steve Lessar.
2 min read · 22 April 2020
