Secondaries
The silent liquidity revolution on the secondary market for private equity
Beat Frühauf, Managing Director & Head of Switzerland at Golding, examines the development and growing importance of secondaries in the private equity market in this article:
- Secondaries delivered a remarkable performance last year
- Assets worth US$112 billion changed hands in 2023, making it the second-busiest year in the history of the market
- Transition from a last resort to a strategic tool for efficient portfolio calibration and liquidity management
Why secondaries?
LP-led secondaries enable fund investors to exit a fund at the time of their choice for strategic reasons. GP-led secondaries allow fund managers to keep developing attractive companies with additional capital and give investors the option of remaining invested or generating liquidity.
What was once a niche market has become established and going forward, secondaries will play a greater role in institutional investment portfolios.
You can read the full article, published in the current issue of Schweizer Personalvorsorge, here:
“Golding Secondaries 2022” now eligible for Article 8 (SFDR)
As of June, the Golding Secondaries 2022 programme now fundraising qualifies as an investment product in line with Article 8 of the Sustainable Finance Disclosure Regulation (SFDR). More information can be found in our Press release.
