Simplifying PE Secondaries: What Are They Exactly?
Hi everyone, I'm trying to wrap my head around PE secondaries. Could someone break down this concept in the simplest terms possible? Thanks for any help!
Pension Fund is a limited partner in a Bain Capital fund. Pension fund no longer wants to invest in the fund so sells their position to a secondary fund, sometimes at a discount to it's NAV. You own something and sell it to someone else.
ive gotten multiple inbounds from LPs wanting to exit at a premium to NAV, so where did you get 30%..
Really depends, generally most asset types (buyout, growth, venture, etc.) are trading at a discount. Though 30% discount is more venture/growth discounts right now
https://www.linkedin.com/posts/jefferies_global-secondary-market-review…;
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