Home Secondaries

Secondaries

Photo of store fronts with gold coins and arrows pointing upward behind the buildings.
GPs must prepare for hidden industry-wide effects of expanding retail funds, from shifting allocations to liquidity stress.
An illustration of someone holding cash.
iCapitalโ€™s partnership with secondaries technology provider Tangible Markets broadens the potential market of individual investors that GPs can raise funds from, Eileen Duff, the private wealth platformโ€™s head of capital markets, told Private Funds CFO. The firmโ€™s recently unveiled collaboration with Tangible includes offering advisers it works with the latterโ€™s technology to buy and sell [โ€ฆ]
The growth comes despite a decline in capital from traditional sources for closed-end funds, according to a new report from McKinsey.
According to the survey, managers are using more flexible investment models to meet LP demands for greater transparency and control.
Capitol Hill trade war
Here are responses from industry thought leaders including Goldman Sachs, Carlyle, Apollo and NYCRS across areas such as dealmaking, fundraising and secondaries.
In this podcast, PEI Group editors discuss what GPs say they're focusing on amid the trade war-induced uncertainty, how the secondaries market stands to benefit, and how investors are reacting to the volatile environment.
GPs are looking to hold on to their prized assets for longer than ever, but repeated continuation vehicles are bound to invite questions from existing and prospective investors.
The registered โ€™40 Act fund aims to broaden the firmโ€™s investor base and expand access to private markets.
pfcfo
pfcfo

Copyright PEI Media

Not for publication, email or dissemination