Secondary Markets of Private Equity Investments

Inhaltsverzeichnis (Table of Contents)

• 1. Introduction
• 2. Definitions
• 2.1. Venture Capital vs. Private Equity
• 2.2. Primary market
• 2.3. Secondary market
• 3. History of Private Equity secondary markets
• 4. Characteristics of Private Equity secondary markets
• 4.1. Financing stages of Private Equity
• 4.2. Participants
• 4.2.1. Sellers
• 4.2.2. Buyers
• 4.2.3. Intermediaries
• 4.3. Reasons for attendance
• 4.3.1. Liquidity
• 4.3.2. Returns
• 4.3.3. Diversification and active asset management
• 4.3.4. Fund access
• 4.3.5. Other reasons
• 4.4. Influence on the primary market of Private Equity
• 4.5. Market imperfections
• 5. Secondary transactions
• 5.1. Process of secondary transactions
• 5.2. Types of secondary transactions
• 6. Cogent Secondary Market Model
• 6.1. Background of the model
• 6.2. Procedure
• 6.3. The model
• 6.4. Predictions of the model
• 7. New markets and investment opportunities
• 7.1. Securitization
• 7.1.1. Overview
• 7.1.2. Process of a Private Equity securitization
• 7.1.3. Motivations and outlook
• 7.2. IPOs of Private Equity funds
• 7.3. Online Exchanges
• 8. Conclusion and outlook

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This analysis of secondary markets of private equity investments aims to explore the dynamics of this burgeoning market. The work delves into the historical development, key characteristics, and various types of secondary transactions. The focus is on understanding the motivations behind participation in secondary markets, their impact on the primary market, and the identification of emerging opportunities.

• Characteristics of Private Equity secondary markets
• Motivations for participation in secondary markets
• Impact of secondary markets on the primary market
• Types and processes of secondary transactions
• Emerging opportunities in private equity secondary markets

Zusammenfassung der Kapitel (Chapter Summaries)

• Chapter 1 introduces the topic of private equity secondary markets and sets the stage for the subsequent analysis.
• Chapter 2 provides essential definitions related to venture capital, private equity, and the distinction between primary and secondary markets.
• Chapter 3 outlines the historical development of private equity secondary markets, tracing their evolution from early beginnings to their current state.
• Chapter 4 explores the key characteristics of private equity secondary markets, focusing on financing stages, participants, reasons for attendance, and market imperfections.
• Chapter 5 examines the process and various types of secondary transactions, highlighting different approaches to investment opportunities in the secondary market.
• Chapter 6 delves into the Cogent Secondary Market Model, analyzing its background, procedure, and predictions regarding future market trends.
• Chapter 7 discusses emerging markets and investment opportunities within private equity secondary markets, focusing on securitization, IPOs of private equity funds, and online exchanges.

Schlüsselwörter (Keywords)

This research focuses on private equity secondary markets, examining key characteristics, motivations for participation, and the impact on the primary market. It explores various types of secondary transactions, emerging markets, and investment opportunities. Central concepts include liquidity, returns, diversification, fund access, and market imperfections.