Friday, 29 August 2014
Last updated 11 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 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...