Secondaries

The challenges of selling such a big offering are highlighted by growing uncertainty around secondaries pricing, which is weakening amid public market volatility, rising inflation and geopolitical shocks from Russia’s invasion of Ukraine.

Rede’s expansion into Asia comes at a pivotal moment for the region’s placement agent landscape, which has seen a shake-up of its top talent during the pandemic.

Portfolios with valuations pegged to September 30 no longer reflect market dynamics, including public market volatility, plunging tech valuations and geopolitical turmoil sparked by Russia’s invasion of Ukraine.

A robust process is vital to any GP-led transaction, say Proskauer’s Howard Beber and Warren Allan.

Sponsors are increasingly turning to GP-led deals to manage their portfolios and more capital is needed to meet growing demand, says Scott Humber at Landmark Partners, an Ares company.

The GP-led market is growing at record speed, making insightful due diligence and investment discipline more important than ever, say Neuberger Berman’s Boriana Karastoyanova, Philipp Patschkowski and Ben Perl.

The GP-led secondaries market continues to benefit from innovation and shows no signs of slowing down, say Akin Gump Strauss Hauer & Feld partners.

LPs face new risk management and execution issues as the GP-led secondaries market expands, say AltamarCAM Partners global CEO and managing partner José Luis Molina and partner Derek Snyder.

Consistent market activity and deep domain expertise can help overcome the challenges associated with integrating continuation vehicles into a broader secondaries portfolio, says Partners Group’s Anthony Shontz.

Innovative multi-asset transactions and deals that offer broad sector exposure are likely to be on the continuation fund menu this year, say Jeremy Duksin and Jonathan Abecassis at Credit Suisse.