Secondary funds: Private Corner collaborates with Partners Group.

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Read the full article in Private Equity Magazine on Private Corner's collaboration with Partners Group :

👉 https://urlr.me/m9Px4

The secondary private equity market in brief

Secondary private equity refers to the resale of assets or stakes in private equity funds before their maturity. Unlike the primary market, where investors place their money directly into funds when they are first raised, the secondary market enables investors to resell their shares to other investors before the private equity fund reaches maturity.

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How secondary private equity works

Sellers are institutional investors (banks, pension funds, insurers) or private investors seeking to liquidate their investments before the normal maturity of the private equity fund, for example for reasons of liquidity management, asset reallocation or change of strategy.

Buyers, on the other hand, acquire stakes in existing private equity funds or portfolios of unlisted assets, often on advantageous terms, as transactions take place at negotiated prices (often below net asset value - NAV). These buyers benefit from greater visibility on the performance of the underlying assets, since the fund is already in the maturity phase.

Why invest in the secondary market?

Investors are attracted to secondary private equity for several reasons:

• Less risk: by investing in an existing fund, the buyer has access to information on the fund's past performance and the underlying assets. This reduces the risk associated with the uncertainty that exists in the early stages of a private equity investment.

• Faster return on investment: since the assets are already mature, secondary investors can expect a faster return on their investment than in a primary fund, where the investment period is typically 5 to 7 years.

• Attractive price: shares on the secondary market are often sold at a discount to the value of the underlying assets, due to low liquidity or the seller's desire to exit his position quickly.

The secondary market in France

In France, this market has grown in importance in recent years, with specialized secondary private equity players such as Ardian and Partners Group. The volume of secondary transactions has exploded worldwide, reaching nearly $130 billion by 2022 according to Greenhill, reinforcing the appeal of this type of investment at a time when investors are looking for more liquid alternatives in private equity.

Private Corner: a management company aiming to institutionalize access to PE

[Private Corner, with its fully digitalized private equity investment program (https://private-corner.eu/en/newsroom/guides/private-equity-platform), is a pioneer in its market. Its ambition is to institutionalize access to private equity investment, previously reserved for institutional investors. The platform enables investors to subscribe to unlisted asset funds from as little as €100,000.

Private Corner is a team of experts in the fields of structuring, administration and financial management of unlisted asset investment funds. We leverage this expertise to ensure that you and your clients benefit from our operational excellence and in-depth knowledge of the private equity market.

Drawing on our experience of working with demanding institutional clients subject to strict constraints, we put this know-how to work for your customers. Our background and history give us a global vision of the ecosystem, and connections at every level of the value chain.

Partners Group

Partners Group is an alternative asset management company specializing in private equity, infrastructure, real estate and private debt investments. Founded in 1996 in Switzerland, it is today one of the world's leading private equity players, managing over $140 billion in assets (as of June 30, 2023). The company is listed on the SIX Swiss Exchange and has offices in over 20 countries.

Main activities of Partners Group

• Private Equity: Partners Group invests in unlisted companies in the growth, development or transfer phase. These investments can be made through direct acquisitions (buyouts), co-investments or the purchase of shares on the secondary market.

• Infrastructure: the company invests in infrastructure projects worldwide, particularly in the energy, transport, telecommunications and utilities sectors.

• Real estate: Partners Group manages investments in commercial and residential real estate, focusing on value creation through the transformation and enhancement of real estate assets.

• Private debt: they also offer financing solutions for companies via direct loans or mezzanine debt instruments.

World-renowned expertise

Partners Group adopts a flexible, multi-class approach, offering its clients diversification across different sectors, geographical regions and investment strategies. The company invests in direct capital, as well as via the secondary market, and is a key player in co-investments, collaborating with other funds and investors.

The company mainly targets institutional clients, such as pension funds, insurance companies and family offices, as well as high-net-worth private clients. They offer long-term investment solutions tailored to the specific needs of each investor.

Partners Group is renowned for its ability to generate attractive returns, thanks in particular to its expertise in creating operational value in the companies and assets in which it invests. The company stands out for its proactive approach to investment management, with a strong focus on asset transformation and performance optimization.

With a global presence and a broad range of assets under management, Partners Group has established itself as a key player in the alternative investment market.