Secondary Pricing Report H1 2019 – Funds Sell at Par in a Market Poised for Record Volume

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Secondary Pricing report H1 2019

We are excited to present you with our latest secondary pricing report. Whether it’s mean or median, the typical transaction on the private equity secondary market is valued at 100 percent of net asset value, according to a Palico survey of limited partners who’ve successfully purchased stakes in closed funds over the last six months. This is the third time in a row – and only the third time overall – that Palico’s secondary pricing survey has recorded an average price of par or better. This is occurring in a secondary marketplace where average pricing has historically been at a discount to net asset value. The latest survey covers 36 funds of all types, from buyouts to private debt, infrastructure and energy.

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About Palico

Palico is the leading digital marketplace for private equity primaries and secondaries specifically designed for fund managers and institutional investors.

Primary Platform: Palico’s primary platform is a comprehensive fundraising solution. GPs have access to a full array of digital tools to communicate and nurture prospective investors, including: Virtual Data Room, Messaging Module, Stats for fundraising performance, and Newsroom. Those tools are complemented with a matchmaking algorithm that alerts a vast LP member base (over 2,800 LP members and counting) of new fund investment opportunities and a notification system that notifies the LP network when the Newsroom is updated with major milestones and events.

Secondary Platform: Palico’s secondary marketplace, designed by PE industry experts, standardizes the process of selling and buying PE fund interests — especially for smaller transaction sizes (~$2 – $20M). The marketplace features nearly all traditional major secondary funds in addition to hundreds of non-traditional/opportunistic buyers. From single family offices to large pension funds, LPs are now a few clicks away from participating in and enjoying the versatility that secondaries provide to their PE portfolios.