The median top price for buyout funds was 98% of NAV, according to research by Elm Capital.
2 min read · 23 September 2019
LPs are coming to accept that big discounts on entry don’t necessarily mean strong returns, an industry conference has heard.
2 min read · 18 September 2019
Secondaries is a strategy open to several hidden risks and investors need to be aware of potential pitfalls.
3 min read · 12 September 2019
Buyers and sellers’ expectations need to stay within touching distance of each other for a successful market.
2 min read · 09 September 2019
A stake in the Dutch PE firm’s 2015-vintage fund sold for 121% of NAV, according to a survey of recent transactions by the online marketplace, with average pricing at par.
2 min read · 15 July 2019
Right of First Refusal clauses can mean buyers face hurdles on certain fund stakes when bidding on a portfolio. Sunaina Sinha, founder of Cebile Capital, talks to Secondaries Investor about how buyers use pricing allocation to ensure they acquire whole portfolios.
4 min read · 01 July 2019
The investment manager has sold more than €150m of tail-end stakes from its primary vehicles and evergreen mandates.
2 min read · 24 June 2019
The market is too competitive and those who bought stakes after the global financial crisis look like ‘super smart money’ now, the $65bn fund’s director of investments Stephen Moseley tells Secondaries Investor.
2 min read · 04 June 2019
Buyout fund Sun Capital VI commanded a 26% premium to NAV, according to a survey by the online secondaries marketplace.
2 min read · 21 January 2019
