J-curve

also referred to as: j curve

2 statements across 2 episodes · 2 bullish · 0 bearish · 2 people on the record · first statement May 3, 2021 by Steve Moseley · across every show →

Everything said about J-curve, oldest first

May 3, 2021 positive
Disclosure
Moseley: APFC used secondaries and co-investments to avoid the J-curve
“We bought secondary assets, and that's because we were launching the program, and that's a great way, and it's the only secondary Asset acquisition that we've done because of a view on pricing, but there it made perfect sense because we were able to eliminate …”
Steve Moseley May 3, 2021 ▶ 1:05:29 Innovation in Private Markets 1: Steve Moseley – The Space in Between GPs and LPs at Alaska Permanent Fund (Capital Allocators, EP.192)
May 29, 2025 positive
Insight
Madorsky: LP secondaries return capital faster and mute the J-curve
“Limited partnership or LP secondaries tend to return capital quicker. Additionally, there's a discount involved in many of the limited partnership positions. As a result, the J-curve is even more muted because we can write it up to the NAV at acquisition.”
Jon Madorsky May 29, 2025 ▶ 44:14 Jon Madorsky – Navigating the Evolution of Private Equity Secondaries (EP.448)
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