Hi guys, just wondering whether any of the professionals working within the industry can tell me what the secondary market looks like for PE or other alternative strategies. The reason I am asking is because I'm an investor and I'm quite bullish on the alternative asset managers (KKR, BX, CG etc) and I wanted to know how durable they are even during a credit crunch like we are seeing today.
In the scenario whereby multiple LP's need liquidity quickly, is the secondary market large enough to handle their needs ? Also, does anybody know it works? I know Carlyle's Investment Solutions business has a FoF sort of thing, but I'm not sure how it works. I assume the megafunds make money from the transaction fees (bid-ask spread) between LP's coming in and out of the funds right ?
Thanks, sorry if I am rambling, just trying to get my head around what could be happening, and how KKR's of this world are operating right now.
Nihil ea aut asperiores architecto exercitationem. Illo facere commodi quas aut excepturi. Sed rerum cumque culpa. In qui voluptas explicabo vero.
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...