Secondaries: Ready for takeoff
The initial shock of the covid-19 pandemic is wearing off and markets are starting to adjust to the new reality. In the secondaries market, a brief pause to allow valuations to catch up with the new paradigm is expected to be followed by a flurry of activity as liquidity needs drive dealflow.
If the global financial crisis a decade ago taught us anything, it is that even in a steep downturn there is plenty of upside to be captured. Even with slow traditional secondaries dealflow, there’s still plenty of work to be done, and structured transactions offer opportunities for savvy investors to stay in the game.