According to Investec’s latest secondaries research report, more than three-quarters, or 77 per cent, of secondary fund managers expect a return to 2018 deal flow levels within the next 12 months

“The secondaries market continues to evolve and, while it has not escaped the effects of Covid-19, neither has it suffered the long-term impact some feared”, said Ian Wiese, head of secondaries at Investec.

“LPs haven’t faced the same liquidity crunch that they did after the global financial crisis, so they’ve been able to bide their time. As a result, there is a backlog of deals that we expect to progress throughout 2021 and beyond,” he added.

Single asset deals are becoming a popular option for GPs looking to hold onto their best assets, with two-thirds (67 per cent) of those surveyed indicating that they would consider deals with only one asset involved.

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Source: Private Equity Wire