Brian McGrath

CEO @SecondaryLink. Storm chasing the next Secondaries Scoop

[Brian McGrath @SecondariesChap]

@LeylaKuni @SecondaryLink Awesome article, Leyla!

[Leyla @LeylaKuni]

Screenshot on the right is how the fund presents the cost basis in its financials

Screenshot on the left is from @SecondaryLink - excerpt from the same fund's portfolio.

This is an evergreen secondaries fund (one that buys stakes in other funds)

let's zoom in 🔎

↓

[SecondaryLink @SecondaryLink]

A new take on secondaries: Inside the Sarasin Bread Street GP Vertical™.

Sarasin Bread Street Partners Alex Barr and James Witter detail their unique GP Vertical™ approach, a strategy that blends secondaries and primaries to meet modern LP needs.

Read on SecLink:
https://t.co/eFcWcrNMZj

[SecondaryLink @SecondaryLink]

SecLink Origins: @facebook

The untold story of how the private market trading frenzy of Facebook stock normalized and catapulted pre-IPO secondaries.

@finkd @Meta

Read on SecLink:
https://t.co/mVNMAsUxHb

[Brian McGrath @SecondariesChap]

Bright spots, and not-so bright spots

☀️SecLink covered 3 company-led liquidity events yesterday! Great news for employees & investors in @databricks, @CoreWeave & @getqonto.

🌑@RevolutApp 's and @joinrepublic 's tensions over a blocked sale of shares to Jamba (by @HOFCapital).

[Brian McGrath @SecondariesChap]

Seeing TONS of overlap at @SecondaryLink in the worlds of Secondaries and GP Stakes.

BTW, what do you call a Secondary in a GP Stakes fund that invests in Secondaries firms? 🤔

#Secondariesception

[Brian McGrath @SecondariesChap]

Secondaries specialist liquidates two tail-end funds with sale of remaining assets.

Great work @ApogemCapital and congrats to LPs!

Sophisticated Investors are taking full advantage of the secondary market; on both the buyside and the sellside.

[Brian McGrath @SecondariesChap]

Continuation Fund deals left, right and center!

We saw a notable uptick in new CVs in September. This has only accelerated in the early days of October. 🚀

BTW, soon-to-be-published coverage of Q3's continuation fund market on @SecondaryLink inbound - keep an eye out.

[Brian McGrath @SecondariesChap]

“My performance would have been a quarter of what it was without liquid Secondary Markets” - @chamath

This is a wake up call for VC GPs!

@theallinpod | @Jason | @DavidSacks | @friedberg |
@socialcapital

[Brian McGrath @SecondariesChap]

@BlackRock: Infrastructure secondaries are taking off! 🚀

Check it out!

[Brian McGrath @SecondariesChap]

Data from PJT, Jefferies, Evercore, Setter Capital, and Campbell Lutyens suggests a growing venture & growth secondary market, potentially $48B by 2030.

No surprise there😎

Though not a perfect proxy to volume, the stories we're covering in the strategy have more than 2x'd Y/Y!

[Brian McGrath @SecondariesChap]

Secondaries: The CRUCIAL Topic Missing from Last Night's Debate

Which candidate is more favorable for the private secondary market — @realDonaldTrump or @KamalaHarris?

If you have any insight into how political leadership and policies might shape the future of secondaries, LMK!

[Brian McGrath @SecondariesChap]

Warburg Pincus (@warburgpincus) gets into secondaries alongside BlackStone (@blackstone), Apollo S3 (@apolloglobal), Ares (@ares_management), CVC (@CVC_Capital), Carlyle (@OneCarlyle), and other PE giants.

But where's KKR?!

I need the scoop!🕵️Reward = Free SecLink News! 📰

[Brian McGrath @SecondariesChap]

@SecondaryLink looks at Q2's most sought after venture-backed companies in the secondary market:

Which sector was hottest? Who were the new entrants? Five most in-demand companies?

And a special shoutout to one of the markets' top buyers!

Take a look!

https://t.co/xu2HY7xyKb

[SecondaryLink @SecondaryLink]

@stepstonegroup's SPRING evergreen fund purchases @SpaceX and @anduriltech secondaries in Q1 FY25.

The 17 secondary purchases made in the quarter included eight in companies and nine in funds.

Full article on SecLink:
https://t.co/8NSzzqAAGv

[Brian McGrath @SecondariesChap]

RT @SecondaryLink: Ever wondered about the indexes on SecondaryLink's news page? You aren't the only one.

Feel free to reach out if you w…

[Brian McGrath @SecondariesChap]

Off the back of @SecondaryLink's latest article covering the MSIB's secondaries portfolio, wanted to help out @Tim_Walz with some SecLink pricing!

Take a look.

BTW, if anyone was wondering, I'm a single-issue voter: #liquidity ;)

[SecondaryLink @SecondaryLink]

SecondaryLink CEO @SecondariesChap answers the need-to-know questions:

➡️Why does SecondaryLink's homepage have so many faces?

➡️Where was secondaries volume in H1?

➡️How have expectations for 2024 FY volume changed?

[Turner Novak 🍌🧢 @TurnerNovak]

The 30 most in-demand VC-backed secondary shares in Q2

SpaceX still #1

Anthropic higher than OpenAI for first time

Scale, Cerebras and Wiz biggest gainers

Only three new names: Cribl, Notion, Lambda

[Ares Management @ares_management]

We are pleased to share that Ares Secondaries Group has been recognized as Best Credit Fund Buyer and Best Mid-Sized Transaction Buyer as part of this year’s @SecondaryLink awards. Congratulations to Ares’ Credit and Private Equity Secondaries teams.

[Brian McGrath @SecondariesChap]

@carrynointerest @SecondaryLink releases a weekly review of all the new job opportunities in the PE and alternative asset secondary market. If you're interested to see who's hiring and compensation metrics, check it out....