Viewpoints by Jeff Hammer, at Manulife Investment Management
Jeff joined Manulife Investment Management in 2019 as global co-head of secondaries. Along with Paul Sanabria, Jeff leads the global secondaries business focused on general partner-led and special situation transactions, and partners with private equity, private credit, and secondary fund sponsors. Previously, he was co-head of Houlihan Lokey’s illiquid financial assets practice, a unit he co-founded and built into the leading investment banking group focused on customized transactions for holders of illiquid securities. Prior to that role, Jeff was a senior managing director at Bear Stearns, where he founded, built, and co-led Private Equity Advisors, the private equity fund-of-funds and secondary investing unit of Bear Stearns Asset Management. Earlier, he co-founded BDC Financial, a firm that provided customized private equity investment management and advisory services to institutional and high-net-worth investors. Earlier in his career, he held investment banking positions at Morgan Stanley and Goldman Sachs.
- Education: A.B. in Politics, Princeton University; M.B.A., Harvard University
- Joined the company: 2019
- Began career: 1985
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How to find uniqueness in the secondary market
Secondary market investment strategies have seen extraordinary growth since the turn of the century. Jeff Hammer discusses a business that’s been fully embraced by institutional investors, and how Manulife Investment Management leverages its sponsor-centric platform to enable specialization in GP-led secondary market opportunities.
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Private equity secondaries are meeting the moment
Calling all liquidity providers: carpe diem. Private equity secondaries now represent a buying opportunity that hasn’t been seen in nearly a generation.
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4 reasons GP-led secondaries are here to stay
Were GP-led secondaries a function of a buoyant economy and abnormally low interest rates or do they represent a true private market innovation that will survive the downturn and continue to play a role in the future?
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GP-led secondaries and continuation vehicles: myths and realities
Continuation vehicles—instruments for implementing GP-led secondaries—remain a misunderstood market innovation, and we address some of the most prevailing myths.
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