Hannah Zhang
Continuation vehicles across different geography, size and industry of underlying assets have generated similar return multiples.
The RMB fund targets Chinese LPs and aims to hold its first close this year.
The multifamily office, which serves entrepreneurs and the private market investors who back them, has an eye on sector-specific emerging managers, founder Nick Hofer and CIO Warren Gibbon tell PEI.
Buyers need to understand the fundamentals of Chinese secondaries before evaluating discounts, according to Coller Capital’s Zhan Yang.
The firm’s exit activity slumped around 45% in 2023 as IPO window remained largely shut.
PEI’s Spotlight podcast was downloaded more than 132,000 times in 2023, with the most popular episodes including conversations with secondaries leaders and discussions about high interest rates.
The State of Wisconsin Investment Board and Florida State Board of Administration both expressed unfavourable views on NAV-based instruments on a webinar hosted by PEI.
ESG continues to garner support from investors in Europe and Asia while facing political headwinds in the US.
The firm had closed its predecessor Fund VIII in 2018, exceeding its $6bn target.
The primary motivation for LPs to consider selling PE fund stakes is the need for liquidity and strategic repositioning, according to a report from Montana Capital Partners.