{"id":43403,"date":"2014-08-05T07:43:04","date_gmt":"2014-08-05T11:43:04","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=43403"},"modified":"2014-08-05T07:53:35","modified_gmt":"2014-08-05T11:53:35","slug":"hedge-funds-buy-1-6-billion-in-h1-2014","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2014\/hedge-funds-buy-1-6-billion-in-h1-2014.html","title":{"rendered":"Hedge Funds Buy $1.6 Billion In H1 2014"},"content":{"rendered":"

\"Screenshot<\/a>New York (HedgeCo.Net) – \u00a0Making 2014 the busiest year in the secondary market thus far,\u00a0H1 volume hit $22 billion (a 47% increase year over year), according to the newly released Setter Capital Volume Report \u2013 H1 2014<\/a>, \u00a0which covers the secondary market for private equity, real estate, infrastructure and hedge funds for the first half of the year.<\/p>\n

Highlights include:<\/strong><\/p>\n

Total volume for H1 2014 was $22 billion
\nRespondents alone did $14.3 billion<\/p>\n

Volume broken down:<\/strong>
\nPrivate Equity: $16 billion : 11.3 billion for funds, and $4.6 billion for directs
\nReal Estate Funds: $3.0 Billion
\nHedge Funds: $2.2 Billion (~13% of total fund sales) Side Pockets made up 96.3% of sales, with Main funds making up only 3.7%.
\nInfrastructure Funds: $0.5 Billion<\/p>\n

Over 50% of total volume was of North American focused funds, and Western European funds accounted for 31% of total volume.<\/p>\n

Profile of Buyers:<\/strong>
\nSecondary funds ($15.4 billion), funds of funds ($3.8 billion) and funds of hedge funds\/hedge fund secondary funds ($1.6 billion) were the most active buyers in H1 2014
\nNorth American buyers transacted the most (~57%), followed by European buyers (~40%).
\n37% of buyers broadened their secondary focus in H1 2014, and 36% of buyers plan to broaden their focus in H2 2014.<\/p>\n

Profile of Sellers:<\/strong>
\nPensions and banks were the most active sellers in H1 2014, accounted for 48% of total volume together. They are expected to be the most active sellers for full year 2014.
\nInterestingly, managers (GPs, FoFs, Hedge funds) were very active sellers, utilized the secondary market as a liquidity tool and accounted for ~ 28% of total volume.
\nNorth American (46%) and Western European (43%) based sellers accounted for the vast majority of volume in H1 2014.<\/p>\n

Europe<\/strong>
\n~40% of volume was from European buyers
\n~43% of volume was from European sellers
\n~31% of volume was of Western European Assets<\/p>\n

North America<\/strong>
\n~57% of volume was from North American buyers
\n~46% of volume was from North American sellers
\n~53% of volume was of North American Assets<\/p>\n

Projected Volume for full year 2014<\/strong>
\nUsing survey recipients’ projected H2 volume we are able to predict full year 2014 volume of $45 billion, up 25% year over year<\/p>\n

The data within the report was extrapolated from a 14 question survey in which 81 of the top 126 secondary buyers (87 secondary funds, 33 funds of funds, 12 hedge funds of funds\/secondary funds, 12 investment consultants, two pensions and one insurance company) participated. \u00a0These 81 buyers alone transacted on $14.3 billion of secondaries across the spectrum of alternatives in the first half of 2014.<\/p>\n

Alex Akesson
Editor for\u00a0HedgeCo.net<\/span><\/a><\/span>
alex@hedgeco.net<\/span><\/a><\/span>
HedgeCo.Net<\/span><\/a>\u00a0is a premier\u00a0hedge fund database<\/span><\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0HedgeCo.net<\/span><\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0Hedge Funds<\/span><\/a>!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.Net) – \u00a0Making 2014 the busiest year in the secondary market thus far,\u00a0H1 volume hit $22 billion (a 47% increase year over year), according to the newly released Setter Capital Volume Report \u2013 H1 2014, \u00a0which covers the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16042,3],"tags":[],"class_list":["post-43403","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-performance-2","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=43403"}],"version-history":[{"count":6,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43403\/revisions"}],"predecessor-version":[{"id":43411,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43403\/revisions\/43411"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=43403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=43403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=43403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}