The return of the LP-led secondary
Category: Press coverage Year: 2021
June 1, 2021
Gerald Cooper, head of secondary advisory in North America, shared his insights on changing market dynamics in a keynote interview with Buyouts.
While concentrated GP-led secondaries dominated in 2020, buyers are seeking diversification once again.
"As we head into 2021, however, there is a great deal of pent-up demand for LP portfolios, from buyers who invested more heavily in concentrated GP-led deals than they have historically and are now looking for a greater level of diversification. Equally, sellers that postponed sales in 2020 have seen prices rebound. It is once again possible for LPs to proactively manage their portfolios without taking a major hit on the discount."