The Ledger
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Abell: Small market buyout is historically PE's highest returning segment
“And frankly, historically, it is the most attractive part of the private equity markets from a returns perspective.”
Abell: Lower Middle Market Deals Use Around Three Turns of Leverage
“In our part of the market, we're using maybe three turns of leverage on EBITDA. That's probably less than half than most of the bigger part of the market is.”
Alex Abell: GP-led secondaries now account for about 50% of secondary market
“Traditionally, when we talked about secondaries, we would talk about limited partner secondaries. That used to be 95% of the market, and now it's probably more like 50% of the market. The other 50% has been GP-led secondaries.”