Secondaries

Investors that do not participate in GP-led opportunities could be incurring an opportunity cost of at least 15% over the long run.

Decision-making can be a resource-intensive process, although it is one that LPs are becoming more familiar with.

The regulator turned its attention to secondaries processes last year as part of a wider set of proposals designed to enhance disclosures in private markets.

Market growth is being driven by greater acceptance and increasingly diverse liquidity options.

There is misalignment between investors and GPs on the topics of obstacles, red flags and expectations, a Capstone survey finds.

If bids come in at a steep discount, some LPs are ready to use that data point to question other VCs invested in the same assets about their valuations and why they are not writing them down.

The firm is sending a managing director with prior Goldman Sachs and HarbourVest Partners experience in the secondaries market to lead the outpost, PEI has learned.

Several deals across the mid-market have closed recently and market professionals see continued vibrancy at this smaller level of secondaries.

Potential LPs told North Africa-focused RMBV in 2020 that they would need to see more DPI from its prior vintages before committing to a new vehicle, PEI understands.