TLDR:
- NEA has entered the hot secondaries market with San Francisco Employees’ Retirement System committing $20m.
- LPs are prioritizing GP succession plans.
The article discusses NEA’s recent foray into the secondaries market, with the San Francisco Employees’ Retirement System committing $20 million. This move indicates a growing trend of LPs placing more importance on GP succession plans. NEA’s entry into the secondaries market highlights the increasing interest and activity in this sector.
LPs are placing a greater emphasis on the successions plans of GPs, recognizing the importance of stability and continuity in fund management. This shift in focus is likely to impact fund performance and investor confidence in the long run.
The article also touches on upcoming events in the private funds industry, such as the Private Funds CFO Data and Technology Forum in 2024, showcasing the dynamic and evolving landscape of the investment world.
