Hunting for 2x / 25% IRR in the Secondary Market

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Like the GFC before it, the current market crisis has created a rich seam of opportunities in the secondary market, particularly in GP-led transactions at the smaller end.

Supply from nimble and opportunistic sellers, as well as a strong flow of GP-led/structured opportunities to give liquidity to LPs and to support existing portfolios, have appeared much sooner than anticipated.

So how can investors gain exposure to the best opportunities, what valuations are achievable and under what terms? What are the risks and how can investors best manage them?

MiViews LIVE – ‘A Noisy Quarter, But Fundamentals Remain Solid’

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After a brief stumble in September, the rally in equities has resumed in recent weeks. But, after such a strong recovery since the March lows, the time has come to question the durability of this momentum as we approach year-end. Growth is solid for now, more stimulus is expected and low rates appear to be here to stay: all seems set for the rally to continue. However, we still see sources of unrest ahead: geopolitics, the pandemic and the high level of growth asset valuations. We therefore see risks to our positive scenario for growth assets.

Unigestion Secondary V – LIVE

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In our COVID dominated world, are secondary transactions frozen as GPs await valuations to stabilise? Or is there opportunity to be found in the small-mid space and in structuring special transactions focused on the very best companies?

UK Roundtable Series – Glasgow

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UK Roundtable Series – Glasgow Small and Mid-Market Private Equity: The Calm During the Storm We are pleased to invite …

Macro Views LIVE – Riding the Central Bank Wave

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Governments and central banks have attempted to offset the current, dire macro situation with a wave of stimulus, prompting a recovery in market sentiment as stretched valuations corrected. Consequently, financial assets have rallied strongly despite the rapidly deteriorating macro picture, leading investors to wonder if it is time to get in or get out.

Small and Mid-Market Private Equity: The Calm During the Storm

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The COVID-19 pandemic is causing one of the largest economic crises of the past 100 years, with many individual economies expected to experience contractions of a magnitude never seen before. Small and mid-market companies have historically been more resilient than their larger counterparts during recessions and crises. History also shows that it is at the small end of the market, rather than among the biggest companies, that private equity deals with the highest return potential are to be found.