Wednesday, 20 August 2014
Last updated 2 hours ago
Apr 24 2014 | 2:25pm ET
The secondary private-equity market is set to hit an all-time high this year.
Volume in secondary deals, in which investments in private-equity funds change hands, will hit a record this year, The Wall Street Journal reports. Rising stock markets and concomitant appreciation of p.e. holdings have some investors wanting an early exit, and others clamoring for a piece of the growing pie.
Deal volume is likely to exceed $30 billion this year, according to top industry players, up from between $23 billion and $27.5 billion. And the growing demand has pushed discounts to net asset value in such deals down precipitously.
Discounts offered on the secondaries market fell to about 7% at the end of last year. During the financial crisis, the discount was often as high as 35%.
Secondary investments will be the major part of Ardian’s sixth fund; US$9 billion of the US$10 billion raised is dedicated to the area.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note