In diesem Abschnitt wird die Aufteilung der Investitionen auf die verschiedenen Anlageklassen innerhalb der privaten Märkte, wie Sekundärinvestitionen, Primärinvestitionen und Direktinvestitionen, sowie der Anteil der liquiden Mittel (im Liquiditätsbereich gehalten) detailliert beschrieben.
Er bietet einen Überblick über die Zusammensetzung des Portfolios und kann jederzeit angepasst werden.
Caspian Co-invest SCSp (IF) | 16.6% |
CSF Co-invest 1 SCSp | 9.7% |
Volt Coinvest, SCSP | 7.3% |
FSI (IF) | 6.5% |
Clipway Secondary Fund A SCSp (IF) | 1.8% |
Lesen Sie im Folgenden die Analyse das Fondsmanagementteam.
Marktumfeld
Private Wealth market: A significant market representing c.$200tn assets globally according to BNP Paribas, with allocation to private markets standing at <3% for private investors vs. c.14% for institutional investors (Bain PE Report '23), indicating significant white space for further private market exposure for the former. Semi-liquid funds have demonstrated strong uptake over the past few years, and is estimated to represent c.$400bn globally to date according to iCapital.
Secondaries deal volume: The Secondary market delivered strong results in H1 2024, with total transaction volume at $72bn, setting a new record for H1 deal volumes. LP-led deals represented 57% of H1 2024 transactions (GP-leds: 43%), with LP-led deals seeing continued momentum driven by liquidity needs. Optimistic outlook for H2 2024 volumes given expected higher transaction volumes typically observed in the second half of the year.
Secondaries pricing: Pricing of LP-led Secondary deals is on the high side, underscoring the need to be disciplined and offer other non-price attributes such as speed and reliability of deal execution and deal structuring to remain competitive. Convergence of bid-ask spreads seems to increase driven by favourable investor sentiment according to Evercore.