Rod James
The amount of dry powder dedicated to impact secondaries increased markedly in 2022 – if from a very low base.
What was an exception is now mainstream, with buyers using leverage as bridging finance and to boost returns, according to Investec.
LP skepticism, co-investor grievances and a disregard for fairness opinions were some of the secondaries-related themes to emerge at last week’s CFO’s and COO’s Forum in New York.
No Limit Capital CEO Neno Raic believes his firm has created a more efficient and cost-effective financing approach.
The new hire from JPMorgan will handle Blackstone's financial institution relationships, including the banks that finance its PE operation.
LPs remain keen to allocate to PE even though the perceived risk to returns has risen materially, according to a survey by the secondaries firm.
Apollo's Fund VIII returned to paying carry after recovering from the 21.6% devaluation of its private equity portfolio in the first quarter of last year.
The alternatives asset manager had one of its strongest quarters, with total AUM rising 21% year-on-year to $649bn.
Buyers are proposing fresh ways of ensuring sponsors stay aligned, according to a panel at PEI's Investor Relations, Marketing & Communications Forum.
Several reports have come out giving a comprehensive view of the secondaries market in 2020. We lay out a few things you may have missed.