Secondaries
Growing success with secondaries
Richard Wilmes, Partner & Head of Secondaries
The private equity secondaries market is experiencing impressive development. With steady growth and a forecast investment volume of USD 140bn for 2024, this market offers significant advantages for the market participants involved. Today, secondaries are an established tool for portfolio and liquidity management in the alternatives universe.
In the latest newsletter from the Bundesverband Alternative Investment e.V. (BAI), Richard Wilmes, Partner & Head of Secondaries, offers extensive insight into the importance of secondaries in the market. He examines the typical case of LP-led secondaries in addition to the increasingly frequent GP-led secondaries. He explains in detail the ways in which secondaries are able to resolve all manner of problems. Investors benefit from greater flexibility, as they are able to dispose of their funds at any time, should they wish to do so. Potential investors can gain access to investment opportunities that already have a track record. Moreover, in addition to the three exit strategies of sale to a financial investor, sale to a strategic investor and IPO, fund managers also have a fourth exit option, which offers existing investors a liquidity option.
Read the full BAI newsletter article here.
