News & Press – 2012
Two platforms to attack the private equity community
An article published by L’AGEFI Hebdo
Secondary Markets – Q&A with François Gamblin
François Gamblin interviewed by Jeremy Hocter – Published by Pevara
The private equity industry saw secondary market activity hit new highs in 2011, with volumes primed to increase in 2012 and beyond. I caught up with Francois Gamblin, CEO of Secondcap, to discuss the recent secondary market trends and find out how firms such as Secondcap are helping both buyers and sellers in this growing market.
2011 was a very active year in secondary trading; how do you see this continuing through 2012?
Secondary specialists have raised over $33 billion that they need to deploy over the next 5 years. This will lift the broader secondary market and we will see increasing volumes of positions traded. We believe the secondary market presently represents about 4% of the primary market, amounting to about $25bn last year. We also believe the liquidity in the market will increase significantly in the coming years, in part due to more deal flow from large financial institutions but also because LPs are now better educated about the opportunities in the secondary market.
What impact do you see the Solvency II rule having on the secondary market through 2012?
Perspectives on the Secondary Market
Published in 2012 Preqin Global Private Equity Report