Secondaries

The transaction has been backed by capital from long-term yield-oriented institutions and not traditional secondaries firms, PEI understands.

Clearlake’s deal, one of a string of such transactions put together by the firm, is part of a wave of GP-led secondaries keeping the market busy.

The world of venture capital is colliding with secondaries to tackle a dearth of liquidity, according to a new white paper. Plus: Carlyle raises $12.4 billion in a single quarter; and MassPRIM is piling back into VC. Here's today's brief, for our valued subscribers only.

Co-investment stakes included in GP- and even LP-led secondaries have become more prevalent as even direct investing LPs seek liquidity in the slow exit environment.

LP giant Mubadala discloses its preferences for future private equity commitments. Plus: secondaries funds are far more likely to close above target than their PE counterparts; and India's wealth opportunity gathers momentum. Here's today's brief, for our valued subscribers only.

ILPA's newly released NAV guidelines should remove some of the friction between LPs and their managers. Plus: a look at the world's largest impact fundraisers; and Coller Capital has set a hard-cap for its latest flagship. Here's today's brief, for our valued subscribers only.

LP-led deals accounted for $40bn of the $68bn of global secondaries volume seen in H1 2024 as bid-ask spreads narrowed.

Developing the infrastructure around secondaries transactions would speed up the release of capital, writes Palico's Christopher Jeffery.

More HNWIs are using secondaries to manage their private markets portfolios. Plus: the secondaries market had a record first half; and why Blackstone's Jon Gray seems unfazed by the US election. Here's today's brief, for our valued subscribers only.