Secondaries

GP-led deals represented about 44% of the approximately $109bn in total volume last year, with single-asset transactions representing the majority of such deals, Lazard found.

While many private markets investors and managers grapple with liquidity issues, there is one pocket of the market that stands to benefit

Panelists say fundraising growth can boost bidders and cut pricing spreads.

Private equity fundraising fell for the second year in a row last year, with the number of funds closed almost matching the number seen in 2017.

Many limited partner institutions either have used the secondaries market to sell fund stakes, or are ready to hit the market with sales as soon as pricing hits the right level.

Allen Waldrop, director of private equity at Alaska Permanent Fund Corporation, has been tasked with optimising the institution's exposure to PE.

China funds are trading at a 50% discount to NAV even after a decline in private markets valuations, managing director Kent Chen tells PEI.

LP portfolio sales led volume last year, clocking in at an estimated $60bn out of a total of $115bn, according to PJT Park Hill’s full-year volume survey.

Dealmaking is due for a comeback this year with the return of financial sponsors and more demand for liquidity, according to a panel at IPEM Cannes.