European LPs hungry for more co-investment, secondaries

However, demand for primary deployment was also positive, with 37% of the European LPs surveyed expecting to make more primary fund commitments in H1 2017, and 58% expected similar commitments. Last time the survey was conducted, these numbers were 45% and 50% respectively.

LPs all over northern Europe expected to deploy more capital to co-investments as the UK, and Nordic, Benelux and DACH regions were all assigned higher numbers on Rede's liquidity index for H1 2018 than H2 2017. The most dramatic increase was in the UK, where the index increased from 64 to 83.

Southern European and French LPs did not record the same score increase, meaning fewer LPs in the regions expect to increase their co-investment allocations in H1 2018 compared with H2 2017.

DACH was the only European region to record a higher score for co-investment and a lower score for primary fund deployment.

LPs on the other side of the Atlantic demonstrated the opposite sentiment, recording a higher score for primary deployment and a lower score for co-investment compared with H2 2017.

Secondaries was the one area of correlated scores as both North American and European LPs expected to deploy more capital to secondary funds and investments in H1 2018 than in H2 2017.

Unquote previously reported on the market's expectation of increased secondaries activity after a record 2017 earlier in the year. 

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• Topics
• LPs
• Investments
• Secondaries
• Rede Partners
• Co-investments
• Secondaries