It’s Just the Beginning for Surging Secondary PE Sales
Used as an escape hatch when private equity is in the doldrums, this venue has become established enough to keep going in better days, strategists say.
Used as an escape hatch when private equity is in the doldrums, this venue has become established enough to keep going in better days, strategists say.
The pension giant also sold a buyout fund portfolio for C$2 billion and German wind assets for C$374 million.
As more GPs pursue continuation funds, institutional investors are faced with new questions about the overall risk levels in their portfolios.
Shane Feeney will oversee the secondaries program at the Toronto-based private markets investment firm.
GP-led secondaries had a record-breaking 2018, but new guidelines from ILPA show that investors want more information and more time to consider the deals.
Only $4 billion raised in Q2, with record $19 billion raised in Q1 likely eating into demand.
Six funds raised $13.6 billion in investor capital, according to Preqin.