I'm currently working in M&A at a MM but interested in the secondaries space. Curious if anyone has any insight on how this vertical is doing as of current, as I understand this was a good space to be in a few years ago with the proliferation of secondaries funds and transactions.
| +72 | Does anyone believe their firm has a true competitive edge | 36 | 1d |
| +42 | Lateraling at senior associate / VP level | 11 | 3d |
| +27 | Do you regret doing PE? | 20 | 11h |
| +26 | Ares buying LGP...now what? | 8 | 16h |
| +25 | Imposter Syndrome: PE to Publics | 4 | 1d |
| +19 | Do PE VPs Always Have An Associate Under Them? | 12 | 12h |
| +17 | Francisco Partners Fundraise | 6 | 1d |
| +16 | GTCR vs BDT MSD vs MDP | 14 | 5h |
| +14 | Hours at MF Infra Funds in London | 1 | 21h |
| +14 | Setting the right LBO entry multiple without information | 3 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Bump
Generally a growing space. Insane amounts of demand (especially in the VC space, which is very liquidity starved right now) but not many deals are getting done because secondary buyers are quite cautious at the moment as well.
The deals that are getting done are at ~50% discount to NAV, and usually have very heavy structural protections (e.g., onerous liquidation preference waterfalls).
When deal appetite comes back, the sector will be probably be well positioned to grow.
Read recent reports of Jeff / Harbour Vest on it
The space is going to be BOOM when all these funds want to extend their funds after purchasing these companies during the 2020-2022 multiple mania.
Et et est odio enim deserunt. Unde id et dolor id. Ipsam culpa earum et dolore aliquam optio aut. Maxime reprehenderit veniam quo laudantium sunt. Tenetur accusantium at iure vitae.
Et voluptatibus maxime recusandae minus hic voluptatibus. Voluptatem eum ullam voluptatum odio corporis animi. Non ea et velit voluptatem nihil. Incidunt culpa eos quis sed dolorem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Aut quas distinctio dicta. Nostrum possimus praesentium sint est. Maxime qui aut consequatur officiis.
Soluta excepturi amet reprehenderit reiciendis doloremque mollitia deleniti. Quia ipsam sint modi quisquam aliquam. Sequi illo ratione autem. Et porro dolores sit ex voluptas eligendi.
Sit eos velit porro eum possimus modi excepturi. Impedit dolorem iure harum ut quidem. Quae tempora autem quia omnis necessitatibus. Iure dolor quia aperiam voluptatem ut. Quo recusandae modi et cum aut est.