A Palico survey of limited partners who’ve successfully purchased stakes in private equity funds on the secondary market over the last six months shows particularly strong pricing. The typical transaction is valued at 99.7 percent of the most recently reported net asset value. Moreover, 12 of the 25 funds for which Palico has winning bid data are valued at premiums, with the average sale price 6.8 percent above NAV. For funds sold at par or less, the average transaction is valued at 93 percent of NAV.
This report highlights answers to survey questions concerning private equity fundraising, performance and secondaries. The questions - an integral part of our monthly KeyTrends press summary and commentary - were sent to limited partner and general partner members of Palico between January and July 2017. Each of the survey questions generated an average of 72 responses from a broad mix of private equity general partners and limited partners from around the world. The responses highlight continuing enthusiasm (and high expectations!) for private equity investment.
We hope the survey responses, and the brief commentaries accompanying each response, prove useful in your pursuit of private equity investment. sign up for our KeyTrends newsletter.
Last week, emerging markets association EMPEA and Palico signed a partnership to make the commitment process for PE funds more efficient and affordable for both investors and managers.
June 23rd, 2017
|A Summer Refresh|
We are pleased to announce that the redesign of our website is live, with an entire aesthetic refresh and changes made to facilitate navigation. Our aim is to get visitors to the most important content by dividing the site into just three main pages. This gives everyone a clear understanding of our investing, fundraising and secondary market features. There are many other small adjustments and changes you might notice that have been made exclusively with marketplace users in mind.
Our blog is also going through transformation, as we explore new options for subject matter that we believe our audience will appreciate. Along with the usual analysis of the private equity world and the Palico marketplace, we’ll shortly launch a series of educational posts looking at the future of PE. To see the new posts, be sure to sign up for our KeyTrends newsletter.
Improved navigation permits more room for pertinent content, helping users get the most out of the marketplace. All marketplace features are as always accessible in one click from the home page.
|A Homepage Filled with Opportunity|
When you log on to Palico, you’ll be be greeted by a selection of current fundraisings and co-investment opportunities. You can curate the selection according to your investment interests.
|Added Search Capabilities|
Now, it’s even easier to identify fundraisings, secondaries and co-investments that match your investment criteria. You can search with even greater precision by strategy, target size, fundraising stage and keyword. As always, the siteworks seamlessly on any device.
These are just a few of the many improvements we’ve made to the platform recently. More are on their way, so stay tuned.
Visit the marketplace and let us know what you think,