Secondary market update: coming out of hibernation
"The pick-up in activity is noticeable on the GP-led side. Many private equity houses postponed exits and are now looking for continuation vehicles and fund extensions. And since the secondary market has increased in size, scope and scale over recent years, the range of transactions has grown, making the GP continuation structure funded by secondary capital a very viable option for sponsors."
Adam Turtle, Founding Partner, spoke with Unquote about the impact of COVID-19 on the secondaries market. Which areas are picking up fastest? And what effects have Q2 valuation trends had on deal making?