Leap of Faith

McGee, Suzanne
April 2006
Investment Dealers' Digest;4/24/2006, Vol. 72 Issue 16, p22
Trade Publication
The article discusses the venture of more investors into the secondary market for private equity. The main driver of the trend has been an influx of new money. Recently, the it has become evident that the secondary business is extremely lucrative, since assets can be picked up at a discount. It is asserted that a careful balance of desires is still very important for secondary funds. According to Colin McGrady, managing director of Cogent Partner, increased competition means higher prices which will probably reduce expected returns.


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