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NYPPEX: Secondary Private Equity Demand Recovering in June 2020

June 29, 2020

Secondary Private Equity Market Commentary 
by Laurence G. Allen

  • In June 2020, we see improving secondary market demand for interests in a variety of private equity funds, including energy funds.
  • In June, NYPPEX managed 8 auctions and had price matches on all 8.
  • In general, each auction received higher bid prices and more bidders than in prior weeks during the COVID-19 quarantine period
  • . With recent increases in oil prices, we also estimate there is greater demand for secondary interests in energy funds.
  • NYPPEX provides the opportunity for superior transaction speed and price execution through its NYPPEX QMS Platform™ and proactive marketing by specialized professionals.
  • Qualified clients interested in a confidential discussion are welcome to contact NYPPEX at ir@nyppex.com or +1 (914) 305-2801.

Private Equity Bankruptcy Update:

  • On May 8, 2020, NYPPEX Analytics predicted certain private equity-backed portfolio companies had a high likelihood of filing bankruptcy in 2020, including Hertz, JC Penney, GNC and Rite Aid. Hertz filed for bankruptcy on May 22, 2020. JC Penney filed for bankruptcy on May 15, 2020. GNC filed for bankruptcy on June 24, 2020.
This market commentary is for informational purposes and qualified clients only. It is not a solicitation of a private transaction which may only be done through documents created by the private fund or private company and only in jurisdictions where permissible. Private placements may contain a high degree of risk.

Copyright 2020. NYPPEX Holdings, LLC. All rights reserved. www.nyppex.com

This site is designed for U.S. residents. Non-U.S. residents are subject to country-specific restrictions. Email over the Internet is not secure.  Private placements are speculative, illiquid and investors could lose their entire investment. Buy orders for (a) securities in private companies, may only be placed by Accredited Investors as defined in Rule 501(a) of Regulation D and (b) interests in private partnerships, may only be placed by Qualified Purchasers as defined in Section 2(a) (51)(A) of the Investment Company Act. Information will be requested in order to verify a prospective account’s identity. NYPPEX performs a reasonable level of due diligence on its offered securities. However, our ability to evaluate investment suitability is limited to the information provided by each account. Prospective buyers agree to perform an independent evaluation of the merits of private transactions. Principal activities provided by ACP Investment Group, LLC, an exempt reporting advisor and subsidiary of NYPPEX Holdings, LLC. Portfolio risk management services provided by Funds IQ, LLC, a subsidiary of NYPPEX Holdings, LLC. For further information, please read the Terms & Conditions and Regulatory.

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Testimonials may not be representative of the experience of other customers, and there is no guaranty of future performance or success.