How do the changes in the private funds secondary market reflect the changes in the market cycle?
In a recent interview article published by Emerging Manager Monthly: How the Evolution of the Secondaries Market Parallels the Change in Market Cycle, Nancy Vailakis, Principal of Ancram IRBD LLC interviews Howard Sanders of Auldbrass Partners about how the secondary market is at an inflection point. Market acceptance among fund managers and investors combined with the current financial environment is driving larger secondary funds and higher transaction volumes.
Congratulations to Howard and the broader Auldbrass Team, on a successful semi-recent close of the Auldbrass Partners Secondary Opportunity Fund III, just above its target of $200 million, more than doubling the size of the previous fund.
Check out the article here (paywall).
