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A choppy exit market has meant working together more closely to realise value.
Joel Thickins TPG
Head of Australia and New Zealand Joel Thickins will jointly lead the Asia business alongside existing head Ganen Sarvananthan.
PEI Oct24 cover story
Continuation funds, NAV loans, dividend recaps and other tools have muddied the waters when it comes to investors ascertaining how distributed to paid-in ratios are generated.
The assets in the process run by the firm formerly known as The Jordan Company 'do not appear to have the ability to generate outsized returns', according to adviser Aon.
Helping to close the liquidity gap will create a boom for both the secondaries and primary markets.
Secondaries funds can deliver outperformance compared with PE buyout funds due to their diversification and asset-screening processes.
exit sign
The secondaries industry is stepping up its reporting of the performance of continuation fund exits as the supply of opportunities continues to outstrip available capital.
According to mid-year advisory reports, the market is looking at a potentially record-breaking finish to 2024.
Following an ‘era of innovation’, the secondaries market is ushering in a new age of growth.
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