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Secondaries funds try to navigate coronavirus chaos

Mar 25, 2020 - Private Equity International

The secondaries market - an area of private markets that has experienced seven-fold growth since the last financial crisis - has been caught up in the economic ruptures brought on by coronavirus.

Almost three months since the first cases were reported in China, causing price dislocation in the Asian secondaries market, the global secondaries market appears to have effectively ground to a halt.

Travel bans are making company-level due diligence almost impossible, leading to i...