It is important to be able to flex between traditional LP secondaries and GP-leds, say Fort Washington Capital Partners managing directors Rob Maeder and Steve Baker.
With so many GP-led deals coming to market, activity drivers vary in key markets, but demand is struggling to keep up, say LGT Capital Partners’ partner and co-head of secondaries André Aubert and partners Andrew DiGeronimo and Brooke Zhou.
What seems like a bold prediction at first, may well be a conservative estimate, writes Whitehorse Liquidity Partners managing partner Yann Robard.
While significant capital has been raised to pursue the flourishing GP-led secondaries opportunity, supply/demand fundamentals remain highly attractive, says Barry Miller, partner in the secondary solutions group at Ares Management.
Interest in GP-led transactions is surging, but investors should maintain a holistic view of the secondaries market, say Sixpoint Partners’ Shawn Schestag and Andrew Gulotta, partners in the firm’s secondaries advisory business.
GP-led secondaries join direct investments, co-investments and fund commitments to gain differentiated exposure to the asset class, say Jeff Hammer and Paul Sanabria, global co-heads of secondaries at Manulife Investment Management.
As supply outstrips demand, GP-leds can prove compelling for secondaries buyers with the right strategy, say Neuberger Berman’s Tristram Perkins, global co-head of secondaries private equity; Frank Guglielmo, principal; and Victor Ko, principal.
Last year saw record levels of manufacturing and industrial sector dealmaking and 2022 has started in the same vein despite recessionary fears, says John Stewart, founding partner at MiddleGround Capital.
Smarter sourcing can make a world of difference to PE professionals searching for the right third-party advisers when there are so many unique needs to consider, says BluWave founder and CEO Sean Mooney.
US fund managers can tap growing investor appetite in Europe and the Gulf Cooperation Council (GCC) if they can navigate regulatory and structuring challenges, say Ocorian’s Marc van Rijckevorsel and Pascal Loscheider.