The document discusses the growth and pricing trends in the secondary private equity market, highlighting key metrics such as NAV, unrealized portfolio value, and dry powder. It includes a table showing the annual unrealized portfolio value, dry powder, and total value from 2007 to 2017. The document also analyzes secondary market pricing, noting that younger funds with available dry powder receive stronger pricing, while tail-end funds face wider discounts. The importance of bottom-up fund and asset selection is emphasized for generating stronger performance.
documents/vol00010-efta01364769-pdf.pdf
{"key_people":["Glendower Capital"],"document_type":"tabular","document_subtype":"financial report","key_organizations":["Glendower Capital Secondary Opportunities Fund IV, LP","Greenhill"]}