We address three commonly asked questions about expectations for the secondary market in the current environment.
In our latest post we explore the drivers behind the sharp rise in GP-led private secondaries transactions and discuss their potential advantages for investors.
We explore the growth and evolution of the secondary market, compare complex non-traditional transactions with traditional secondaries, and discuss the importance of a robust platform of manager relationships to access GP-led deals. Refreshed with 2020 data.
The global COVID-19 pandemic has significantly affected the economy, financial markets and individuals around the world. During and following such market downturns, an increased number of LPs and GPs face pressure to raise liquidity at the same time that traditional avenues tend to freeze up. Here, we review what’s happening in the secondary marketplace in response to the crisis and highlight the compelling secondary opportunities.
GCM Grosvenor has completed the final close of its Secondary Opportunities Fund II, L.P. (“GSF II”) with $700 million in committed capital. GSF II, which held its first close in May of 2017, reached the fund’s hard cap.