2010 and 2011 record years for secondaries
Jonathon Freeman, Investment Partner with Coller Capital, said at the 8th Annual Australia & New Zealand AVCJ Private Equity and Venture Forum that while he had predicted that 2009 would be the stand-out year for secondaries, in fact 2010 was a stellar year, reaching $22.1 billion in transactions completed. He believes this will continue into 2011 as well.
The reason behind this trend, he said is that "pricing [now] matches sellers' expectations." In the first half of 2009, sellers were getting on average under 40% of the NAV for portfolios. Today that number...
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