Betting on unicorns just became less hazardous for HNWIs

London Private Equity Partner, Ed Harris, contributed to a Private Equity International article focusing on high-net-worth-individuals (HNWIs) investing in pre-IPO businesses via the secondaries market.

Direct secondaries investments are difficult to do, requiring diligence, time and patience. We could see a very vibrant direct secondaries market in this environment, because family offices will have other calls on capital or business interests that require liquidity and are sitting on a lot of illiquid stakes, some of which may require further capital. As a result of the coronavirus pandemic and subsequent economic fallout, discounts might be so great that investors who would otherwise be sellers may pause until there’s an uptick, or at least greater certainty.

Take a look at the full article here.


Download PDF Back To Listing
Loading data