Madeleine Farman
High net-worth investors have been backing secondaries funds at 'astonishing' rates
A study by the bank and the HEC School of Management has also reinforced earlier findings that single-asset CVs perform largely in line with buyout funds, while offering lower return dispersion.
The transaction has been backed by capital from long-term yield-oriented institutions and not traditional secondaries firms, PEI understands.
Private equity secondaries will be a $500bn market by 2030, said the firm's founder and chief investment officer Jeremy Coller.
Iron Road Partners’ Igor Rozenblit – former co-head of the SEC's private funds unit – details concerns and red flags the regulator will be looking for following the passing of its private market rules last year.
The firm's co-chief executive is optimistic dealmaking will return this year, with 2024 potentially marking a 'sweet spot year' for returns, he told attendees at PEI Group’s NEXUS 2024 summit.
Traditional LPs contemplating GP-led focused funds have been intent on identifying examples of fully crystallized continuation funds in recent years.
Lead buyers in some recent transactions have been able to negotiate a less than 1% management fee, according to a paper from Proskauer.
Private equity firms will hire data scientists and engineers as AI transforms investment outcomes, according to the veteran investor.
Multiple managers have either closed or expect to close their latest private equity flagships below target – something unthinkable a few years ago.