The Private Equity Group (PEG) has a long-tenured history of investing in secondary investments, dating back to 1985. Since that time, the PEG has over $2 billion1 in secondary assets under management. We view secondary investments as opportunistic return-enhancers to our client's portfolios. Our due diligence process for secondary investments is extremely thorough and disciplined. We employ a bottom-up, company-by-company analysis for all underlying investments using realistic assumptions for growth, debt pay down, exit multiples and timing of exit.
In seeking secondary opportunities, we employ our information and assignment advantages - derived from our investment relationships with, and oversight, of more than 675 partnerships - to generate favorable negotiations.