Secondaries Investor Quotes Lavelle, Muldrow on Secondaries Market Weathering Pandemic, Recession

For its article “Five points on the secondaries market: Not all doom and gloom,” Secondaries Investor quoted Akin Gump investment management partner Mary Lavelle and Akin Gump New York partner in charge Trey Muldrow on the possible impact on the market of the COVID-19 pandemic and the global recession in its wake.

On the topic of single-asset deals, Lavelle said she expects their number to decrease dramatically in the short term, stating, “2019 was a good year for single-asset deals, with volume more than doubling year over year, but there has always been a nervousness about concentration risk.” She added that those fears are compounded in the current market.

Muldrow said that, before the disruption ends, sellers such as credit funds could approach the market to offload post-bankruptcy single assets for which they are left holding equity.

Lavelle and Muldrow also had a feature Q&A in Secondaries Investor’s sister publication, Buyouts. Read more about their views on the secondaries market and related topics here.