secondaries

“I think that secondaries are going to be a great spot for LPs, where there's going to be a lot of people that get out over their skis and are going to need liquidity, and people that have ready pools of capital, I think, are probably going to be well positione…”

“So the stress credit opportunity funds, secondaries down the line, I think that there's budding interest going to be growing interest. In those areas as we go forward, but relative impact and weight within member portfolios, traditional buyouts is where the fo…”

“Yes, there's a benefit that comes with buying an asset at a discount, but you get that discount once. And if you buy the right asset managed by the right manager, that manager and those assets can create gains year after year after year until they get realized…”

“We've committed thirty billion dollars to secondaries in our history”

“When you look at the amount of dry powder and secondaries relative to the annual deal flow and you compare it to literally every other part of private equity, it's pretty extraordinary how undercapitalized it is despite all the large size funds that are being …”

“Right now, we really like the opportunity to invest on a secondary basis in private credit funds. The private credit market grew a ton the last five, six years, and now you're seeing small funds, some investor not re-upping, the consultant has changed, the sta…”

“In private equity, it's about two percent penetrated, and that's doubled in the last decade from one percent to two percent.”

“In this market, I think we would expect that those opportunities could be a little bit easier to find, but they're not quite showing up yet.”

“We approached it with a opportunistic, high selectivity strategy. So where we, let's say, have a mature venture fund where the value drivers is comes down to two or three companies that we know intimately and can form good opinions that are different from the …”

“15% private equity, nine percent private credit, six percent private real assets. Within that, for the private equity and the private real assets, 50% primaries, 30% secondaries, 20% co-invest.”

“I think when that capital comes into the market, there's pressure on those managers to invest it quickly, so therefore, secondaries is a natural avenue for that.”