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By Beverly Chandler, Opalesque London: Lars Lindqvist, founder of the specialist alternatives secondaries broker, Cattegatt Capital, is waiting to see what 2012 will bring for his business. "It’s an interesting question" he says, "Simply because one of my key questions is how activity will be given last year’s highly active markets. I wonder if 2012 will have same opportunities or did so many large sellers actually sell most of their illiquid assets?"

Despite the fact that a large proportion of illiquid assets were sold off last year, as reported in an earlier Opalesque interview with Lindqvist. He believes that there are still assets out there. "I just wonder who will be the sellers and what will be the motivation of the sellers."

The fundamental issue is the shape of the overall economy. "If the economic climate worsens you may see a renewed need to liquidate illiquid assets" Lindqvist says. "In 2010 and to some extent 2011 there were sellers who needed liquidity at a discount but it is also the case that the need reduced due to the improved the economic climate, however, a worsening could well trigger new sales due to renewed market illiquidity."

Cattegatt is a broker of illiquid assets and caters to a number of investors such as distressed and special situations hedge funds and private equity funds. "Many of our buyers are busy in th......................

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