In addition to hearing from keynote speaker Carl Thoma, I’ll definitely be at the panel on guiding a firm and fund through a secondaries process. I hope to see you there.
– the 600-page document includes “16 case studies which are real life examples to show how diverse best practice is”
– resource-constrained small and mid-market firms can lean on it to show how they are fully compliant with the fair-value determination standard.
Elsewhere in the world of private markets, sister publication PERE is reporting that real estate investment industry bodies INREV, ANREV and NCREIF are set to launch a global rate of return index later this year. The rationale: if private real estate wants to compete effectively with liquid markets for global institutional capital, it needs to move towards fuller transparency over returns.
And investment bank PJT Partners has teamed up with Nasdaq (press release here) to “provide enhanced execution capabilities for general partner-sponsored secondary transactions.” Our secondaries specialists will be weighing in with more insight soon.
Email prepared by Toby Mitchenall