The latest trends from the expanding private credit secondaries space
In a world where liquidity (or lack of it) has been a major focus for investors, the secondary market has moved into the spotlight. In private credit, it is relatively nascent compared with other asset classes – but is growing fast. Here, we examine all the key trends.
INSIDE THE REPORT
How the secondaries ecosystem is evolving
From modest roots, credit secondaries is seeing increased fundraising and a greater variety of deals. However, some believe there are limitations.
Secondaries heads in new directions
Continuation vehicles and trading desks are transforming the credit secondaries market.
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Private credit secondaries: Macro disruption generates momentum
The denominator effect combined with a need for liquidity has delivered a boost to the nascent credit secondaries market.
Coller Capital: Private credit secondaries will be the fastest-growing asset class
Private credit secondaries had strong momentum even before the rising rate environment came along. Michael Schad, Ed Goldstein and Martins Marnauza, partners in the secondaries credit team at Coller Capital, explain why they expect more awareness, more deals and more innovation.
Consensus at last: The credit secondaries market has matured
A few years ago there were doubts about whether the credit secondaries market had become fully established. There seems little room for such a view these days, writes Daniel Roddick.
Private credit secondaries: Solving the liquidity puzzle
Private debt investors are increasingly turning to the secondary market to provide tactical portfolio management solutions, say Pantheon’s Rakesh ‘Rick’ Jain and Toni Vainio.
Could private credit secondaries be the next big thing?
A Fund Finance Association event in February heard how the small subsector is gaining interest, but financing challenges persist.
Private debt fund stakes: Goldman’s heightened interest
Investing in private debt fund stakes and assets would be a natural extension for the firm, says Goldman's wealth and asset management CIO Julian Salisbury.
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