Valuation disconnect stands in the way of secondaries dealmaking

Jul 21, 2023 · Global secondary market dealmaking declined roughly 25% year-over-year to $43 billion in the first six months of 2023, a product of persistent pricing gaps, a lower supply of …

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Valuation Disconnect Stands In The Way Of Secondaries Dealmaking

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Jul 21, 2023 · Global secondary market dealmaking declined roughly 25% year-over-year to $43 billion in the first six months of 2023, a product of persistent pricing gaps, a lower supply of …

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Valuation Disconnect: A Hurdle In Secondaries Dealmaking

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Jul 24, 2023 · Despite the challenges, LP-led secondaries still accounted for 58% of global secondaries transaction volume in H1 2023, even though there was a 24% drop during the …

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Marcus Magarian On LinkedIn: Valuation Disconnect Stands In The …

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Valuation disconnect stands in the way of secondaries dealmaking Global secondary market dealmaking fell by 25% year-over-year to $43 billion in H1 2023 due to persistent pricing gaps, …

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Valuation Disconnect Stands In The Way Of Secondaries …

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Jul 21, 2023 · Global secondary market dealmaking declined roughly 25% year-over-year to $43 billion in the first six months of 2023, a product of persistent pricing gaps, a lower supply of …

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The Exit Strategy Podcast On LinkedIn: Valuation Disconnect Stands …

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Valuation disconnect stands in the way of secondaries dealmaking ... 📈 Global secondary market dealmaking declined by approximately 25% YoY to $43 billion in H1 2023, attributed to pricing …

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FAQs about Valuation disconnect stands in the way of secondaries dealmaking Coupon?

Why did global secondary market dealmaking decline in 2023?

Global secondary market dealmaking declined roughly 25% year-over-year to $43 billion in the first six months of 2023, a product of persistent pricing gaps, a lower supply of assets from both GP and LP sellers, and easing pressure from overallocation, according to data from advisory firm Jefferies ' H1 2023 Global Secondary Market Review. ...

Does the widening pricing gap stand in the way of closing transactions?

Dealmakers in the secondary market suggest that the widening pricing gap continues to stand in the way of closing transactions. Robert Emerson, a partner at Goodwin Procter, noted that since the second half of last year, public market declines have turned a seller's market into a buyer's market. ...

How did market dynamics affect LP-led transactions?

The shifting market dynamics also chilled LP-led transactions, which dropped 24% to $25 billion in the same period. Some LPs explored alternative options such as NAV financing to manage liquidity issues so that they could hold onto their private market investments. ...