Analysis/Secondaries
GP Profile: Hayfin seeks European mid-market opportunities with PE strategy
Launched in 2018 and with EUR 1bn AUM, strategy aims to address GPs’ need for fund and asset-level capital, partner Gonzalo Erroz tells Unquote
IPEM 2023: GPs battle fundraising blues on the Côte d'Azur
Sponsors remain broadly optimistic despite fundraise bottlenecks and a growing number of LPs faced with tough choices on manager selection
Flight to quality, impact investing to drive allocations in 2023 – HarbourVest
Asset manager’s investment team discusses secondaries and co-investment dynamics amid a challenging fundraising market
BVCA Summit: PEs take long-term view to ride out uncertainty
Unquote reports on discussions around ESG, continuation funds and PE democratisation at last week’s event
Secondaries Preview: Strong LP stakes dealflow, strategy specialisation to come in 2023
With some managers overexposed to single-asset GP-led deals, secondaries GPs are taking stock of opportunities for next year
Second-hand: could continuation vehicles become ‘SPACs of 2022’?
As the pace of secondary fundraising and deals gains momentum, some challenges start to arise
GP Profile: Tyrus Capital plans secondaries deployment drive
Mature and tail-end secondaries opportunities on the rise with motivated sellers seeking to organise their portfolios, Gunter Waldner tells Unquote
Secondaries set for bumper year as dry powder overhang remains
The market is gearing up for a flurry of secondaries investing in 2021 with an estimated $61bn deployment target
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
GP Profile: Tyrus banks on quick secondaries turnaround
Waldner says the firm looks to raise €200-250m every 12-15 months and is now raising its fifth fund
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
Co-investment: get out or double down?
While some LPs could be overexposed to troubled sectors, others could up their game and deploy into opportunities arising mid-cycle
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
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
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
2010-vintage funds: what is still in UK portfolios
PE managers now have a number of options available to them when funds near the end of their lifespan
Coronavirus: European LPs contemplate course corrections
LPs are not unanimous in their opinion of how the current pandemic will reshape ways of thinking