Secondaries

Driving activity was strengthening pricing, which was helped along by a stabilization in interest rates last year, along with an overall improvement in economic outlook.

The $140bn sovereign wealth fund’s CEO Dr Raphael Arndt attributed the quarterly drop to currency issues and write-downs.

Buyers need to understand the fundamentals of Chinese secondaries before evaluating discounts, according to Coller Capital’s Zhan Yang.

More than half of distributors seek vehicles with a minimum investment under €100,000 and plan to commit more capital to debt and secondaries, according to a report from Reach Capital.

PEI caught up with StepStone CEO Scott Hart and partners Vincent Hsu and Adam Johnston to discuss the firm’s decision to open a Singapore office this week.

A Capstone survey has found that more than half of LPs consider NAV financing and preferred equity a ‘poor’ way to generate liquidity.

The acquisition lays the foundation for a one-stop shop for clients of both organisations, Andy Lund and Matt Swain tell PEI.

GPs are finding more varied ways to provide liquidity to their LPs, according to Capstone’s latest Liquidity Solutions Survey.

Market participants give their predictions for the secondaries market, noting that the amount of dry powder available will limit activity and leave buyers able to cherry-pick transactions.