Fri, Sep 4, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund side pocket secondary market volumes top $1.6bn in 2013

Monday, January 13, 2014

Bailey McCann, Opalesque New York:

A new report out from Setter Capital shows that secondary market volumes for hedge fund side pockets was up again in 2013. Data shows that LP's are becoming more opportunistic fueling greater market activity. Setter Capital estimates the total secondary market volume for 2013 was $36bn, authors note that the figure may be conservative owing to the limits of their own research.

A majority of respondents expect the same or greater level of transaction activity to take place in the first quarter of 2014. The average size of these transactions in 2013 was $28m, and that deal size is also expected to continue. Private Equity Strategies reported last year on the significant uptick in the private equity secondary market as those transactions shifted away from fire sales and into garage sales for investors wishing to exit parts of their portfolios for a whole host of reasons. This same trend is spurring an uptick of activity in the hedge fund secondaries market.

Secondary hedge fund transactions still account for much less overall market volume than private equity or real estate deals, although the number increased to approximately 4.4% of all secondary transactions in 2013. Notably, the report says - "the average deal size of buyers that deployed up to $1bn in 2013 was roughly $15m suggesting......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New Detroit-based CTA seeks to take advantage of coming volatility[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging manager has just set up his one-man shop in the city of Detroit. Synchronicity Futures,

  2. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  3. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  4. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  5. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

 

banner