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
More on 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
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Hurst Point Group was established in 2019 to facilitate investment by Carlyle in UK wealth management