Private equity secondary market | Wikipedia audio article - YouTube Subhajit Sahu

This is an audio version of the Wikipedia Article: https://en.wikipedia.org/wiki/Private... 00:01:50 1 Secondary market participants 00:03:39 2 Types of secondary transactions 00:03:55 2.1 Sale of fund interests 00:04:47 2.1.1 iStructured joint ventures/i 00:05:16 2.1.2 iSecuritization/i 00:05:45 2.1.3 iStapled transactions/i 00:06:34 2.2 Sale of direct interests 00:06:44 2.2.1 iSecondary directs/i or isynthetic secondaries/i 00:07:14 2.2.2 iSecondary direct/i 00:07:49 2.2.3 iSynthetic secondary or spinout/i 00:08:23 2.2.4 iTail-end/i 00:08:47 2.2.5 iStructured secondary/i 00:09:36 3 History 00:09:45 3.1 Early history 00:11:14 3.2 2004 to 2007 00:12:41 3.3 2008 and the credit crisis 00:15:15 3.4 2010 to 2011 - Post Financial Crisis 00:16:44 3.5 2012 00:17:31 3.6 2013 00:18:31 3.7 2014 00:20:23 3.8 2014-2018 00:21:43 3.9 Milestones 00:29:43 4 See also Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. Listen on Google Assistant through Extra Audio: https://assistant.google.com/services... Other Wikipedia audio articles at: https://www.youtube.com/results?searc... Upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts Speaking Rate: 0.8691400107607677 Voice name: en-AU-Wavenet-B "I cannot teach anybody anything, I can only make them think." - Socrates SUMMARY ======= In finance, the private equity secondary market (also often called private equity secondaries or secondaries) refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private equity funds as well as hedge funds can be more complex and labor-intensive.Sellers of private equity investments sell not only the investments in the fund but also their remaining unfunded commitments to the funds. By its nature, the private equity asset class is illiquid, intended to be a long-term investment for buy-and-hold investors, including "pension funds, endowments and wealthy families selling off their private equity funds before the pools have sold off all their assets." For the vast majority of private equity investments, there is no listed public market; however, there is a robust and maturing secondary market available for sellers of private equity assets. Buyers seek to acquire private equity interests in the secondary market for multiple reasons. For example, the duration of the investment may be much shorter than an investment in the private equity fund initially. Likewise, the buyer may be able to acquire these interests at an attractive price. Finally, the buyer can evaluate the fund's holdings before deciding to purchase an interest in the fund. Conversely, sellers may seek to sell interest for various reasons, including the need to raise capital, the desire to avoid future capital calls, the need to reduce an over-allocation to the asset class or for regulatory reasons.Driven by strong demand for private equity exposure over the past decade, a vast amount of capital has been committed to secondary market funds from investors looking to increase and diversify their private equity exposure.

Private equity secondary market | Wikipedia audio article - YouTube
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