Oliver Gardey and Ryan Levitt discuss market volatility, the need for specialism in secondaries and the likely drivers of LP deals in 2022.
5 min read · 17 May 2022
A simultaneous numerator, denominator effect may leave some LPs significantly overallocated at a time when their GPs are asking for re-ups.
3 min read · 14 April 2022
Declining multiples spell trouble for deals done in recent years, when valuations were at historic highs, said ex-Ardian secondaries head Vincent Gombault.
2 min read · 04 April 2022
Despite the shift to newer vintages, early distributions and higher IRRs remain important to secondaries investors, said managing director Cari Lodge.
2 min read · 24 January 2022
As Brazilian pensions finish divesting their private assets, buyers hope a primary investing boom will have positive implications for the secondaries market.
5 min read · 14 January 2022
The CalPERS sale is among a slew of traditional LP portfolio sales to hit the market since the fall, with prices high and buyer interest piqued by more diversified investments.
3 min read · 07 January 2022
In an extract from a whitepaper aimed at LPs, Tradition’s advisory team discusses the dynamic between bids, NAVs and public markets, and what it means for sellers.
4 min read · 22 December 2021
A stake in CD&R’s 2018-vintage fund sold for 124% of NAV, according to a survey of 52 transactions by Palico, with average pricing of 98.5%.
2 min read · 22 November 2021
Sevita, which offers various home- and community-based care services to the nation’s most in-need populations, has already produced gains for its current owners — whome took the company private at a $1.4bn valuation in 2019.
4 min read · 01 November 2021
