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(Alex Slobodkin/iStockphoto)

Money flooding private equity secondaries, but bargains scarce

Private equity investors are all over secondary deals – handing billions to funds that step in when other private equity investors want to bail on their commitments to buyout funds.

For a time, a big draw was being able to purchase stakes in portfolios at cut-price rates from buyers in a rush to get out. As the money has come in, the discounts have disappeared, but those in the business say there are still reasons to buy second-hand in the private equity world.