[ad_1]
Akin’s investment management partners Mary Lavelle, Daniel Quinn and Fadi Samman said: private equity international (PEI) profile piece “Take advantage of the evolving secondary toolbox”.
An in-depth keynote interview centered around how today’s secondary technologies can provide flexible solutions for GPs and LPs in times of market turmoil. Q&A highlights:
- Most Active Transaction Types on Secondary: Samman: “What we’ve seen especially in the second half of last year is a market reversal. Previously, GP-driven trading was the most active part of the secondary market, but towards the end of last year, the traditional distribution – LP to LP sales – has regained the spotlight and started to dominate activity.”
- Market trends to 2023: Quinn: “We’re heading into an era of capital constraints that drives a lot of secondary market activity from an investor’s perspective. It’s a way to access secondary activities as a procurement tool.”
- Supply and demand dynamics throughout the year: Lavelle: “We expect activity to start picking up slowly and pick up momentum in the second half of the year. Some are predicting similar trading volumes for the full year, as we saw in 2021. It will certainly be a more stable start. However, we expect 2023 to be another busy year as the maturation of the secondary market means that activity levels are not as pronounced as they used to be.”
You can read the full article here.
© 2023 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. all rights reserved. Advertisement for lawyers. This document is distributed for informational purposes only. It does not constitute legal advice and should not be used as such. Previous results are no guarantee of similar results. Akin is the working name of Akin Gump LLP, a New York Limited Liability Partnership licensed and regulated by the Solicitors Regulation Authority under number 267321. A list of partners can be found on Level 8, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP, and other related entities with which the Akin Gump network operates around the world, please visit our Legal Notices page.
[ad_2]
Source link