Buyout secondaries trade in the nineties while venture trades at 60-80 cents
Nigel Dawn · Nigel Dawn - Secondaries in Private Markets (EP.378) · Apr 8, 2024 · at 19:05
Nigel Dawn, Global Head of Private Capital Advisory at Evercore, explains secondary market pricing discounts across private asset classes to Ted Seides.
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“Good quality buyouts, probably in the nineties. Venture and growth, very much name specific. So some managers still very difficult to access. So you pay an access premium, but probably more like 60 to 80 cents on the dollar because there's a little bit of skepticism still about the manager's marks from 21 deals beginning of 22 deals.”
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