Secondaries: opportunistic buyers ready for fund stakes to hit market
LPs are bound to consider exposure to private equity and weigh liquidity needs in the wake of the coronavirus crisis, meaning fund stakes could flood the market - but buyers will also be facing their own portfolio woes. Denise Ko Genovese reports
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Tune in to listen to leading industry participants as they discuss the outlook for private debt secondaries on Thursday 25 March at 2pm GMT
Secondary pricing flies high for infra funds; venture sees big jump
Across all strategies, highest prices are paid for 2016-2018 vintages, Setter Capital research shows
Ion Pacific nears first close for VC secondaries fund
Hong Kong-based manager is expecting commitments of roughly $40m at first close for the global fund
Moonfare, Lexington launch digital secondaries platform
Platform will enable smaller investors to put their secondaries stakes up for sale
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Fund invests in renewable chemistry, regenerative medicine and agri-food across the Netherlands, Belgium and parts of Germany
Battery Ventures buys IMC Test & Measurement
Company will operate with the GP's existing test and measurement companies in the US and Denmark
Tech overtakes consumer in Italy
Numerous Italian GPs with a generalist approach have reshaped their activity towards the tech sector
Resource Partners buys dog food maker Atlantic Products
GP plans to merge Atlantic with portfolio company Maced, in which it acquired a majority stake last year