Elm Capital First Half 2013 Newsletter

February, 2014

Elm Capital First Half 2013 Newsletter

  • Asset Values’ steady increases and significant distributions
  • In H1 2013, the median of the highest bid was 89% of NAV for buy-out funds, vs. 90% in H2 2012 and 86% in H1 2012
  • For venture capital funds the median was 75% of NAV, vs. 70% in H2 2012 and 75% in H1 2012
  • We continued to see family offices and funds of funds using the secondary market to reallocate resources and for portfolio management
  • Secondary funds have been active buyers but fewer closed deals leave ever high levels of dry powder to be deployed in the coming months

Please use the form below to request a copy:


Fields marked with an * are required