News - September, 2014
As more funds approach the end of their lives, these single-asset deals represent a growing opportunity for secondaries players, says Diana Meyel, a managing partner at Cipio.
“In today’s environment, people think of secondary directs in terms of portfolio transactions, maybe linked to zombie funds. But actually the situation has changed dramatically; that end of the market has become highly intermediated and very competitive. If we look at dealflow in our latest cycle, maybe half of it has come from single asset deals.”
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