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By Wolfdieter SCHNEE, VP Fund Solutions
According to Bain Capital, one of the world’s largest private equity investors, interim sales of private equity investments worldwide have grown steadily from $40bn in 2015 to $132bn in 2021 – and this growth seems to further accelerate. Secondaries can therefore have an excellent risk-adjusted return profile and defensive characteristics while offering attractive long-term returns. Nevertheless, there are some specifics that need to be considered in order to take full advantage of this asset class.
Background
Investors are confronted with a historically difficult macro environment, with significant headwinds in various...
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