Claire Coe Smith
With no shortage of LPs and GPs turning to the secondaries market for capital solutions, there are hopes for a ‘decade of capitalization’ to keep driving growth.
GP stakes investing in the US is seeing a surge of new participants and fresh capital flow.
Private equity funds are only starting to come back to dealmaking after shift in the landscape.
Three industry veterans talk about dealmaking, slow exits, tariffs and what lies ahead in the coming months.
After another busy year in the secondaries market, demand for capital solutions shows no signs of abating as both GPs and LPs navigate a shifting market backdrop.
Advanced technologies could help open up the asset class to more individual investors, but hurdles around standardization and regulation remain.
Investments into artificial intelligence, software and even government-related assets are driving
activity in the sector.
Going beyond standard commitment expectations in continuation fund transactions can help sponsors demonstrate alignment.
More transactions are using a delayed payment structure in a bid to bridge mismatches in pricing expectations.
The last 12 months have seen more ups and downs in the secondaries market than ever before. With GPs and LPs chasing liquidity against an uncertain macro backdrop, activity looks set to unlock in 2024, says our panel of industry veterans.