Secondaries
Evolving VC landscape helps fuel venture secondaries
Backing a portfolio of companies after various funding rounds gives comfort to some investors, with valuations seen as more concrete
Kline Hill Partners' third secondaries fund now 40% deployed
Kline Hill Partners Fund III held a second and final close on its $450m hard-cap in April
Covid-19, oversubscribed funds fuel interest in early secondaries
Early secondaries are tipped to become more plentiful in the coming months, but market observers urge caution to mitigate potential pitfalls
Secondaries update: Unigestion’s David Swanson
Secondaries activity is recovering from the initial coronavirus-related shock, with good prospects for GP-led secondaries deals
Secondary market update: coming out of hibernation
After a pause in activity, the market is gearing up for a busy final quarter, says Rede Partners' Adam Turtle
EQ Asset Management eager to deploy following double fund close
EQ says it has completed five acquisitions through its secondaries fund since the outbreak of Covid-19
PE secondaries volume cut by more than half in H1 - survey
Private debt fund secondaries were hit even harder with an 81.8% plunge, Setter says
Virtual Briefing: ESG and rebalancing through secondaries
Palico's Woolston Commons, Cambridge Associates' Varco and Unigestion's Newsome discuss whether the current crisis will lead to an ESG rethink
LP Profile: CPP Investments
Unquote picks out key takeaways from CPPI’s latest annual report, and hears from head of PE funds Delaney Brown about the Canadian LP's strategy
Reputational risk, early secondaries help assuage LP default fears
GPs that recently raised are the ones potentially more at risk, but market sources agree widespread defaults would be far-fetched
Schroder Adveq hires Unigestion's van der Kam to head secondaries
Van der Kam was co-head of secondaries at Unigestion and helped build the firm's secondaries platform
Secondaries players weigh up risk and rewards of "ring-fencing" deals
GP-led transactions isolating assets hardest hit by the Covid-19 crisis could appeal to adventurous secondaries players, but challenges abound
Video: Coller's Francois Aguerre on PE's reasons to be cheerful
In the third of Unquote's Lockdown series, Francois Aguerre discusses how long-term secondaries prospects are still strong despite the turmoil
Unquote Private Equity Podcast: Back for secondaries
When activity begins again, will LPs be willing to take a pricing hit? And where will buyer and seller expectations meet?
DWS putting secondary capital to work in late-stage co-investments
Secondaries player has found that offering a mid-cycle co-invest can be an option for PE-backed assets to capitalise on opportunities
Coronavirus: European LPs contemplate course corrections
LPs are not unanimous in their opinion of how the current pandemic will reshape ways of thinking
Secondaries: opportunistic buyers ready for fund stakes to hit market
With more sellers coming to market, prices are unlikely to stay at pre-Covid-19 heights, which could in turn encourage more opportunistic buyers
New perspectives: How secondaries are reshaping PE's risk profile
With LPs increasingly hungry for PE, the boom of the secondaries market can shift perceptions around the risks associated with the asset class
Secondaries sea change: Backing your winners
What was once the preserve of the underperformer is now shifting towards the prized asset
Coller, Glendower et al. shortlisted for CPABF secondaries mandate
US pension fund is looking to commit to two funds, allocating $25m to each
IPEM TV 2020: direct investing still tricky, says Coller's Francois Aguerre
Aguerre explains why co-investments will likely remain a preferable option for large LPs
Direct lenders eye secondaries market for first-gen funds
Several European direct lenders are speaking to secondaries advisers about running processes on older vintage funds
Fund focus: Lexington targets growing Asia secondaries market
GP's ninth fund closed on $14bn, above its $12bn target, and will target secondaries opportunities in Asia
NYSCRF backs secondary special situations fund
New York State Common Retirement Fund (NYSCRF) has committed $400m to secondary special situations and new private lending investments in Asia-Pacific, according to documents seen by Unquote.
