Madeleine Farman
Madeleine Farman is a senior reporter for PEI Group’s Private Equity International and Secondaries Investor titles, based in London. Prior to joining PEI, she had covered private equity, private capital and advisers associated with the industry for other newsrooms and publications since 2016. Originally from New Zealand, Madeleine began her career in radio in Auckland.
The advisory space has seen a rise in the number of intermediaries working with another adviser on transactions.
Following an ‘era of innovation’, the secondaries market is ushering in a new age of growth.
As GP staking firms come up with novel ways to provide exits to investors, the burden will be on them to show such efforts are worth it in the long run.
The transaction has been backed by capital from long-term yield-oriented institutions and not traditional secondaries firms, PEI understands.
Despite a couple of pulled-transaction anomalies, secondaries sales are still seen as a powerful tool for rebalancing portfolios.
While it’s easy to point to liquidity constraints as an anomaly, the market believes secondaries’ record-breaking streak should continue.
Using NAV loans for add-on acquisitions is the most acceptable circumstance to investors, according to Coller Capital's latest Global Private Capital Barometer.
Separately managed accounts create 'solutions for headaches that people have', AltamarCAM CEO José Luis Molina tells PEI.
While becoming more difficult to define, the mid-market offers vast opportunity for outperformance.
With Kaiser Permanente returning to market with its third billion-plus portfolio in as many years and more first-timers taking the plunge, secondaries players are hopeful more LPs will take a regular approach to the strategy in the years to come.