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Private equity secondary market update - pricing and volume
26 June 2018 (Multiplicity Insights). In this article, we conclude that the private equity secondary market is as strong as ever and that there are even suitable buyers for fund sizes below USD 1 million. With public and private equity markets at all-time highs and dry powder at record levels, we argue that now is as good as ever to consider a sale of LP interests.
Private equity secondary market update - sellers' motivations
28 May 2018 (Multiplicity Insights). There is a range of motivations to sell certain LP interests in the secondary market, just as there are many reasons to invest into private market funds. While the private equity secondary market is far from perfect, price discovery is usually efficient enough for secondary sales to represent a tactical option to LPs. In this article we explain the most common reasons for selling LP interests, and how the sellers and their motivations developed over time.
Private equity secondary market update - deal structure
22 May 2018 (Multiplicity Insights). In private equity secondaries, a well-functioning market for LP interests particularly depends on the availability of suitable deal structures. In this educational note we discuss the most common of those structures and how they fit into today’s private equity secondary market.
Private equity secondary market update - market structure
14 May 2018 (Multiplicity Insights). Mega-deals in the private equity secondary market are making headlines. Still, they are only one part of the story. In this short educational note we discuss the structure and drivers of the private equity secondary market in 2018. And why the efficiency of this market should not be measured by volume alone.
Multiplicity's growth and promotion of new Partner
9 January 2018 (Finews). Article on Multiplicity Partners' strong growth of its investment and advisory business and the promotion of Pirmin Stutzer to Partner. Pirmin’s comprehensive experience will substantially strengthen Multiplicity’s leading specialist role in analyzing and transferring complex and distressed financial assets. This article is available in German only.
New Partner Announcement: Pirmin Stutzer
9 January 2018 (Press release). Multiplicity Partners today announced the promotion of Pirmin Stutzer to Partner. Pirmin joined Multiplicity in early 2017 to support the strong growth of the firm and will substantially strengthen Multiplicity’s leading specialist role in analyzing and transferring complex and distressed financial assets.
Press release in German can be found here.
Active Market List for Illiquid Funds/Bonds/Claims
15 September 2017. Multiplicity just updated its “Active Market List” covers hundreds of illiquid funds/bonds/claims for which we can provide you with bids within less than 24 hours. Our latest list can be found here.
It's becoming a seller's market
23 May 2017 (Institutional Investor). Multiplicity's Andres Hefti commented on the private equity secondary market in the Institutional Investor magazine. The article can be found online here.