The PE secondaries surge: Identifying trends, strategies and challenges

The private equity secondaries asset class has expanded to become a critical avenue for limited partners seeking liquidity and flexibility. Transaction volumes in 2023 were close to record levels and the fundamental drivers of activity remain in place. Fund managers are sitting on almost $3 trillion in unsold investments and the distributions going to investors are well below their expectations. As general partners seek to extend the lifetime of their investments and limited partners search for liquidity, secondary transaction sizes and volumes are growing ever larger. Having recently hit their widest since the financial crisis, bid-ask spreads are narrowing. Public market valuations are improving. Debate over value remains significant in some parts of the market. But on the portfolios of blue-chip buyout firms, buyers and sellers increasingly see eye-to-eye. In this webinar, we will delve into the changing world of private equity secondaries - examining the market’s expansion, evolution and its future as a PE strategy. Join our webinar to understand the PE secondaries surge, including trends, strategies and challenges. This webinar will focus on: - The market’s growth outlook and key trends - Different strategies within private equity secondary investments - Supportive tailwinds and challenging hurdles - The outlook for ‘bid-ask’ spreads across different segments Speakers: Stuart Ingledew Partner, Investec Fund Solutions Gareth Lazell, Partner, Funds - Transactions Tax Leader, EY Thomas Mercieca, Private Equity Segment Lead, CIQ Solutions, S&P Global Market Intelligence Elena Moisei, Managing Director, Portfolio Valuation practice, Alternative Asset Advisory unit, Kroll Luxembourg Moderator: Steven Gilmore For more insights on how we can help surface PE Secondaries opportunities, please download the attachment with useful links.