In recent years, the secondary market has evolved into a vibrant, fully accepted part of the private equity investment ecosystem.
Jochen Mende, Head of Secondaries
Highlights
Highlights
- Private equity secondaries investors can benefit from gaining exposure to otherwise inaccessible, privately owned companies
- Secondaries investors can benefit from the skill sets that fund managers bring to bear to improve a company’s long-term value
- Transaction velocity, standards and the level of intermediation and competition in the market have increased substantially, as has the diversity in transaction types and structures
- New entrants to the asset class, can relatively quickly scale-up diversified private equity exposure and thus minimize the initial period of negative returns (j-curve) typically inherent in the asset class
- Secondaries have demonstrated a remarkably consistent ability to produce liquidity across market cycles, making it ideally suited for semi-liquid investment solutions
Private equity secondaries has evolved from a relatively small, somewhat obscure niche into an integrated part of the overall private equity ecosystem. Secondary strategies can offer significantly accelerated diversification across managers, industries, geographies, strategies, and vintage years. The market has experienced significant growth in deal volumes and investor interest in recent years.
Jochen Mende, Head of Secondaries, explains the key trends in the secondaries market, how investors are benefitting from them and what differentiates the business from other players in this space.
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