The secondary market for private assets has grown from ~$500 million of transaction volume in the early 2000s to $100+ billion in 2022. Secondary transactions offer great opportunities for investors, providing the ability to invest in existing assets with reduced blind pool risk and shorter duration. For sponsors, the market provides an effective mechanism to raise capital, create additional value for trophy assets, modify portfolio strategy and reduce risk.
Portfolio Advisors has provided liquidity solutions to clients and sponsors across more than 200 transactions since 2002. We invest in the secondary market via two main strategies:
Limited Partner Secondaries
Limited partner (LP) secondaries are purchases of existing client interests in private equity funds from selling clients. These transactions can be highly bespoke and range from an outright purchase of the interest to structured solutions to achieve a seller’s objectives. Benefits of LP secondaries include:
GP-led Solutions
GP-led solutions are purchases of existing companies from a private equity fund; the companies are acquired by a new vehicle which is typically managed by the same sponsor. These transactions range from purchases of single companies to full liquidity solutions for a portfolio of companies held by a fund. Benefits of GP-led transactions include:
Our Approach
Portfolio Advisors secondary investors benefit from our unique approach to the market:
Portfolio Advisors, LLC is a registered investment adviser under the Investment Advisers Act of 1940, as amended. Registration with the SEC as an investment adviser does not imply a level of skill or training. The information on this site is intended solely for the benefit of firms and companies seeking private equity investment capital by providing general information on our services and philosophy. The material on this site is for information purposes only and does not constitute an offer or solicitation to purchase any investment solutions or a recommendation to buy or sell a security nor is it to be construed as investment advice. Additionally, the material on this site does not constitute a representation that the solutions described therein are suitable or appropriate for any person.
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