Saturday, April 11, 2009

Lucrative secondary market

Today, we talked about liquidity in the asset allocation class. A very famous professor, a veteran investor too, said that the reason that LP now want more liquidity is that they want to buy the cheap assets in the secondary market. A lot of people got caught in putting more weight on private equity and now has to offer at a huge discount.

Maybe a good time to start a distress debt investment vehicle?

No comments: