2020 Year End Secondary Pricing Report

Jan 6, 2021 4:10:41 PM

Tags: Private Equity KeyTrends, Secondary Market

0_v1_Palico_SecondaryPricingReport_Q4_2020final version (1)

Palico’s latest survey of limited partners who purchased stakes in closed funds over the last six months generated pricing for 35 funds. This selection of funds showed an average valuation of 101 percent of net asset value (NAV). Measured in terms of median, typical pricing has held steady since last year at 101 percent of NAV. However, this points to a trend that we saw a year ago of intense competition for top-tier funds, which is likely skewing pricing upwards.

In 2020, as uncertainty swept the globe, many investors retreated from the secondaries market which saw transaction volume fall for the first time in over ten years. While momentum looks to be... Read more

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Palico is the leading digital marketplace for private equity primaries and secondaries specifically designed for fund managers and institutional investors.

Secondary Platform: Palico's secondary marketplace, designed by PE industry experts, standardizes the process of selling and buying PE fund interests -- especially for smaller transaction sizes (~$2 - $20M). The marketplace features nearly all traditional major secondary funds in addition to hundreds of non-traditional/opportunistic buyers. From single family offices to large pension funds, LPs are now a few clicks away from participating in and enjoying the versatility that secondaries provide to their PE portfolios.

Primary Platform: Palico's primary platform is a comprehensive fundraising solution. GPs have access to a full array of digital tools to communicate and nurture prospective investors, including: Virtual Data Room, Messaging Module, Stats for fundraising performance, and Newsroom. Those tools are complemented with a matchmaking algorithm that alerts a vast LP member base (over 2,800 LP members and counting) of new fund investment opportunities and a notification system that notifies the LP network when the Newsroom is updated with major milestone and events. 

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