Instead of a flood of LPs backing away from the asset class, there appears to be some tactical manoeuvring to help institutional portfolios stay in balance.
Our upcoming special report on the secondaries market shows the future looks bright for this burgeoning asset class – though investors have a list of improvements they’d like to see.
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.
As the issue of own capital at risk comes to the fore ahead of the UK October budget, Rami Cassis, chief executive of family-run office Parabellum Investments, argues GPs should be upping their skin in the game.
While it’s easy to point to liquidity constraints as an anomaly, the market believes secondaries’ record-breaking streak should continue.
Developing the infrastructure around secondaries transactions would speed up the release of capital, writes Palico's Christopher Jeffery.
Co-investors often have different expectations and preferences than main fund investors when it comes to GP-led secondaries processes, write Debevoise's Jane Engelhardt, Brett Bush and Lauren Heller.
NAV’s inherent synergies with secondaries means the strategy is gaining significant traction among East Asian LPs.
PSERS' former co-head of private markets Darren Foreman and value creation evaluation agency's Romain Begramian argue that managers need to up their game to combat falling returns and confidence in the sector.
Institutional investors can no longer ignore the fact that exposure to high-quality assets is increasingly accessed via the secondaries market.