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SI Decade: Why specialised secondaries are poised for growth

Episode 7 of the Secondaries Investor’s Second Thoughts podcast, hosted by PEI Group, titled "SI Decade: Why specialised secondaries are poised for growth" was published on October 2, 2024 and runs 15 minutes.

October 2, 2024 ·15m · Secondaries Investor’s Second Thoughts

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This episode first aired on May 29, 2024 Specialised secondaries strategies are becoming an increasingly important part of the market. According to data complied by Secondaries Investor, 85 percent of the capital raised by secondaries funds in final closes last year was for private equity strategies; the remainder of this was for non-PE strategies, and the year before that more than one-third of capital raised was for non-PE strategies. There is also increasing specialisation within private equity secondaries, as firms including Lexington Partners, Strategic Partners, AlpInvest Partners and LGT Capital Partners carve out teams to focus on single-asset continuation funds. In episode seven of the Decade of Secondaries Investing miniseries, senior editor Adam Le sits down with Jeremy Coller, chief investment officer and managing partner at Coller Capital, and Yann Robard, managing partner at Dawson Partners, to discuss how far the asset class has come in terms of specialisation and cross-asset-class appeal. For full coverage of our Decade of Secondaries Investing series, including all podcast episodes and an interactive timeline, click here. Listen: "Everything you wanted to know about preferred equity"

This episode first aired on May 29, 2024

Specialised secondaries strategies are becoming an increasingly important part of the market. According to data complied by Secondaries Investor, 85 percent of the capital raised by secondaries funds in final closes last year was for private equity strategies; the remainder of this was for non-PE strategies, and the year before that more than one-third of capital raised was for non-PE strategies.

There is also increasing specialisation within private equity secondaries, as firms including Lexington Partners, Strategic Partners, AlpInvest Partners and LGT Capital Partners carve out teams to focus on single-asset continuation funds.

In episode seven of the Decade of Secondaries Investing miniseries, senior editor Adam Le sits down with Jeremy Coller, chief investment officer and managing partner at Coller Capital, and Yann Robard, managing partner at Dawson Partners, to discuss how far the asset class has come in terms of specialisation and cross-asset-class appeal.

Star Mountain Capital Star Mountain Capital Founded in 2010, Star Mountain Capital is a specialized investment firm focused on the large and fragmented North American lower middle-market. Star Mountain manages ~$4 billion of AUM (committed capital including debt facilities as of 2/29/24) through customized and commingled funds for some of the world’s most sophisticated investors, including individuals, family offices, insurance companies, wealth managers, endowments / foundations and pension plans.Star Mountain’s specialty is helping grow private companies that generally have at least $15 million of annual revenues and generate under $50 million of EBITDA through organic and strategic initiatives such as acquisitions.Star Mountain has closed over 200 investments total across direct and secondaries since inception. Star Mountain provides insights, relationships, and resources to assist companies in maximizing value by:1. Providing debt and equity capital to established, growing small and medium-sized companies.2. Purchasing i Histoire des pouvoirs en Europe occidentale, XIIIe-XVIe siècle - Patrick Boucheron Collège de France Patrick Boucheron est né en 1965, à Paris. Après des études secondaires au lycée Marcelin Berthelot (Saint-Maur-des-Fossés) puis au lycée Henri IV (Paris), il entre à l'École normale supérieure de Saint-Cloud en 1985 et obtient l'agrégation d'histoire en 1988. C'est sous la direction de Pierre Toubert qu'il soutient en 1994 à l'université de Paris 1 sa thèse de doctorat d'histoire médiévale, publiée quatre ans plus tard sous le titre Le pouvoir de bâtir. Urbanisme et politique édilitaire à Milan (XIVe-XVe siècles), Rome, École française de Rome, 1998 (Collection de l'EFR, 239).Maître de conférences en histoire médiévale à l'École normale supérieure de Fontenay-Saint-Cloud de 1994 à 1999, puis à l'université de Paris 1 Panthéon-Sorbonne à partir de 1999, il fut membre junior de l'Institut universitaire de France de 2004 à 2009. En 2009, il soutient à l'université de Paris 1 une habilitation à diriger des recherches intitulée La trace et l'aura et est élu professeur d'hi Histoire des pouvoirs en Europe occidentale, XIIIe-XVIe siècle Patrick Boucheron Patrick Boucheron est né en 1965, à Paris. Après des études secondaires au lycée Marcelin Berthelot (Saint-Maur-des-Fossés) puis au lycée Henri IV (Paris), il entre à l'École normale supérieure de Saint-Cloud en 1985 et obtient l'agrégation d'histoire en 1988. C'est sous la direction de Pierre Toubert qu'il soutient en 1994 à l'université de Paris 1 sa thèse de doctorat d'histoire médiévale, publiée quatre ans plus tard sous le titre Le pouvoir de bâtir. Urbanisme et politique édilitaire à Milan (XIVe-XVe siècles), Rome, École française de Rome, 1998 (Collection de l'EFR, 239).Maître de conférences en histoire médiévale à l'École normale supérieure de Fontenay-Saint-Cloud de 1994 à 1999, puis à l'université de Paris 1 Panthéon-Sorbonne à partir de 1999, il fut membre junior de l'Institut universitaire de France de 2004 à 2009. En 2009, il soutient à l'université de Paris 1 une habilitation à diriger des recherches intitulée La trace et l'aura et est élu professeur d'histoire du Moyen SpazioLavoro Scuole Lorenzo Benassi Roversi Imparare a scegliere è una skill importante, la più importante. Perché quando scegliamo, scegliamo sempre noi stessi. Scegliamo chi saremo, chi vogliamo essere. Per questo Cisl Emilia-Romagna ha scelto di mettersi al fianco delle ragazze e dei ragazzi delle scuole secondarie superiori, che sono chiamati alle scelte più impegnative, quelle di studio e di lavoro. SpazioLavoro-Scuole è un percorso di orientamento nelle scuole secondarie superiori, che si apre a chiunque sia in ricerca di sé, del proprio lavoro ideale, del proprio ruolo nella società. Raccontiamo questo, lo facciamo insieme. Perché non si sceglie mai da soli.
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