New Aftermarket Grows Due to Pandemic-Driven Real Estate Changes

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The still emerging secondary market for private equity funds is receiving a big boost from institutional investors looking to invest in hot new real estate areas and sell other less desirable parts of the sector.

“Secondary studies really come into their own. Covid has only accelerated growth, ”said Eric Adler, President and CEO of PGIM Real Estate. “Some investors want to stay in real estate, while others want to leave. Secondary products are becoming a good solution. “

In private markets, secondary trading allows investors to buy and sell shares of a fund at any time during the life of that fund, rather than being left in a vehicle intended for storage for ten or more years.

One state pension fund CIO said the push for a secondary real estate market comes under the headline “never miss a good crisis.”

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