Dry powder and auctions are pushing prices for LP interests higher, explains Ed Gander, co-head of global private funds group at Weil, Gotshal & Manges.
2 min read · 14 August 2014
GPs taking the lead on liquidity events will draw more investors to private equity and drive secondaries pricing up, according to Neil Campbell, head of Tullett Prebon Alternative Investments.
2 min read · 13 August 2014
The best secondaries market opportunities are found ‘off the beaten track’, and not through auctions, explains Hanspeter Bader, managing partner and head of private assets at Unigestion.
2 min read · 11 August 2014
The average high bid price for LP fund stakes was 98 percent of NAV during the first half of the year, according to NYPPEX data.
1 min read · 07 August 2014
Is the bid-ask gap for European real estate funds too wide to get deals done?
3 min read · 01 August 2014
The price of an LP fund interest can end up being the same as the interest’s NAV because secondaries sellers and buyers have difficulty understanding accounting nuances when negotiating terms, according to Duff & Phelps’ David Larsen.
2 min read · 30 July 2014
New entrants are creating a competitive buy-side environment as the secondaries market becomes increasingly institutionalised, according to advisory firm Cattegatt.
2 min read · 20 July 2014
Transaction prices rose across all alternative investment strategies during the first half of 2014, with buyout pricing leading the way and reaching 100% of NAV.
2 min read · 20 July 2014
Secondaries transaction volume reached $17bn for the first half of the year, making the market very seller-favourable, according to Cogent Partners managing director Todd Miller.
1 min read · 16 July 2014
The UPS Group Trust, which manages four pensions on behalf of its US employees, is opportunistic in the real estate secondaries market, according to Greg Spick.
2 min read · 24 June 2014
