Secondary investment opportunities and solutions

We help you navigate volatile markets and execute a myriad of secondary-investment transactions. With our extensive research and hundreds of strong relationships with managers and intermediaries around the world, we help provide access to opportunities and deals. Our proprietary insights, robust data and customized recommendations can help guide your decision-making.

Why investors consider secondary investments

Secondary investment markets provide access to more mature opportunities in private markets, adding liquidity to a traditionally illiquid asset class. Secondary investments can provide an additional source of risk-adjusted returns, allowing you to invest more directly in underlying companies and expanding exposure to specific sectors or geographies.

In addition to risk-adjusted returns, secondary investments offer the potential for greater diversification, specificity and control over assets and exposures.

We can help you build secondary portfolios with a variety of strategies. These can include single and multi-asset general partner (GP) led deals, traditional limited partner (LP) led transactions, portfolio or structured deals, secondary directs and other niche opportunities. Below we outline four of the most common potential benefits.

Immediate exposure to private market assets via the secondary market can reduce the management fee (basis) and shorten the time period required for value creation efforts to materialize.

Depending on the sub-type of a secondary transaction, an interest might be acquired at a discount to the latest valuations. These elements can allow secondary investors to minimize or eliminate the J-curve, with varying levels of mitigation depending on the exact sub-type and deal-specific characteristics.

Understanding secondary investments

Considerations for secondary investments

Achieving success in the secondary market requires strong relationships with asset managers and intermediaries, dedicated resources, access to the right data and robust oversight and due diligence processes. We can help you build a strong portfolio based on your specific objectives.