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The return of the LP-led secondary

CATEGORY: Press Coverage
DATE: 01 June 2021
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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."

Read the full article here.