Secondary Investments
Your secondary market for private equity.
Secondaries are a major strategic component for our clients offering the benefits of a significantly shortened J-curve and an attractive risk/return profile.
Dirk Homberg
Partner · Head of Institutional Clients
We make consistent use of the positive characteristics of Secondary Investments in the small & mid-cap segment.
- Featuring a strongly reduced J-curve due to early portfolio building and performance as well as quick returns and income in the first few years
- Reduced »blind pool« risk through the acquisition of existing investment portfolios
- Transactions with basic growth trends in the less competitive small & mid-cap segment promote the opportunity for sustainable returns and at the same time lead to a reduced risk factor
- Market inefficiency and the high number of opportunities in the small transactions segment offer attractive purchase prices and (excess) returns
A long standing partner of institutional investors.
Investors and partners appreciate the personal cooperation with us and benefit from our expertise in legal, tax and valuation issues as well as with the regulatory requirements of institutional investors. With our specialised secondaries funds, we offer investors efficient access to the secondary market.
Due diligence on each individual investment opportunity.
Our investment process with key criteria ensures a stable track record across market cycles. ESG analyses are an integral part of our investment process.
Investing in Secondaries also involves risks.
- There can be no guarantee that a specific return or earnings target will be achieved. Past returns and forecasts are no guarantee of future success.
- Minority shareholders who are not involved in the management of a fund have no or only limited influence over the fund manager.
- At fund level, the use of not inconsiderable external financing (leverage) is often permitted and common. Although the use of leverage can improve performance, it also increases the potential for loss.
- The market values of funds may be subject to significant fluctuations due to macroeconomic factors and/or other changing market conditions.
- Funds are usually unregulated investment vehicles that offer only limited investor protection.
- The investor bears the risk of the tax and regulatory structure of the funds and the investments made.
- If risks materialise, investors in the funds may suffer losses in value up to the amount of the total loss of the invested capital.
Details risk information can be found in the issue document of the respective investment programs.
