Global secondaries are one of the fastest-growing asset classes within private equity. Annual secondary transactions have grown from US$20 billion in 2013 to US$111 billion in 2022, and demand remains high. In this podcast, Mike Lukin provides insight into the global secondaries market, the drivers behind the increase in global secondary activity, and where we see opportunities in the current market. Listen to the recording here.
Hive and Wellness Group
(Unrealised)
Investment Year
- 2018
EXIT YEAR
- 2019
Description
The Local Broadband Network Company (LBNCo) is an installer and owner of superfast broadband networks in residential developments. LBNCo is engaged by property developers to install and maintain the fibre infrastructure, and sells ‘wholesale’ network acces to the retail service providers who then provide services to the tenants. LBNCo is now part of Uniti Group (ASX: UWL) following its acquisition in August 2019.
