Secondaries

Appetite for secondaries remains buoyant despite a dip in fundraising at the start of the year, says Tim Toska, global sector head of private equity at Alter Domus.

Secondaries managers that are able to capture, organise and analyse data using AI are likely going to prove the most scalable, say BlackRock’s Lisa Sun and Roque Calleja.

Investors including Alaska Permanent, Caisse des Dépôts, Skandia, New York City Retirement Systems and TRS Texas share their views on how this market can be improved and how they are positioning themselves to take advantage of CVs.

VC secondaries players have raised billions in fresh capital as the market’s liquidity needs show no signs of easing.

A recent study shows an increase in buyside firms looking at venture capital secondaries.

Secondaries funds can deliver outperformance compared with PE buyout funds due to their diversification and asset-screening processes.

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.

Florida State Board of Administration believes securitisations could be a better option than selling fund stakes if LPs must take massive discounts.

China’s booming LP-led market is offset by a nascent GP-led market and challenges unique to international investors.