The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 7 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Dawn: Private equity distributions to AUM are near historic lows
“In this environment where distributions have almost been at historic lows compared to assets under management”
Dawn: Traditional buyout managers are launching single-asset continuation secondary funds
“What we're seeing right now, I would say a fairly new development is traditional buyout managers actually looking to set up their own secondary funds, just focused on investing in single asset continuation funds.”
Dawn: Most private equity GPs exit portfolios at a 25% NAV premium
“Most GPs exit their portfolios around 25% premium to their NAV.”
Dawn: Cogent Partners was the only PE secondary market advisor in 2001
“So when I first found out there's only one advisor and they were a startup in Dallas called Cogent Partners.”
Dawn: Continuation fund transactions represented around 10% of exits in 2023
“Sponsor to continuation fund channel, which was around 10% of exits last year.”