Pricing

Swiss LP adviser InPact enters infra secondaries, eyes PE GP-leds

The institution is looking to boost its infrastructure exposure and eyeing further opportunities in private equity and real estate secondaries, says founder and CEO Antoine Prudent.

Ardian’s Mark Benedetti: Infra secondaries a mispricing bright spot within private markets

While more capital is entering infra secondaries, much of it is being deployed by relatively new entrants in a market characterised by variety, the Paris-headquartered asset manager’s co-CEO tells affiliate title PE Hub.

Lead Edge and Hamilton Lane lead Summit Partners’ $625m deal for NinjaOne

The SaaS provider has generated large returns following Summit’s initial investment, with LPs given a range of options to roll or cash out during the CV process, Secondaries Investor understands.

Secondaries activity expected to pick up in H2 after bumpy first half

Ahead of first-half volume reports, secondaries advisers share their views on what the market can expect in H2 following the latest wave of macro volatility.

In defence of valuations

Senior execs have been working to spell out why secondaries mark-up practices make sense following public scepticism from peers.

Manulife buying infra CVs, secondaries to address low DPI

Rising retail flows offer a new exit route for infra assets, but they also create their own issues, infrastructure fund investment head Kate Roscoe tells Secondaries Investor.

GP-led secondaries: CVs prompt diverging opinions

While the GP-led market is booming, perceptions differ when it comes to rationale, valuations and alignment.

Bid-ask spread most contentious of secondaries’ challenges

Pricing remains the biggest source of friction in secondaries negotiations.

How family offices are dealing with zombie funds

Stonehage Fleming and GreenBear Group want ageing funds wound up quickly to avoid issues such as questions around valuations. The secondaries market is a viable resolution route.

DPI is IRR – structure in LP sales helps bridge slow exits: StepStone’s Matt Roche

‘It’s been a tough four years for private equity… and it’s why DPI is IRR today – not the new IRR – it is IRR today,’ Matthew Roche, partner with StepStone Group said.