Jada：2025高效退出变现 战略布局入场：重新审视私募二级市场投资研究报告（英文版）（27页）.pdf

1、Smarter Realizations,Strategic Entries:Rethinking Secondaries in Private MarketsN OV E M B E R 2 02 5About Jada Fund of FundsJada Fund of Funds is a Saudi company based in Riyadh.Established in 2018 by the Public Investment Fund through a resolution of the Council of Ministers,Jada plays a key role

2、in advancing Vision 2030 by leading the development of a thriving venture capital,private equity,and private debt ecosystem in the Kingdom.For more information:.saJadaFoFJada Fund of FundsDisclaimer:This report is provided for informational purposes only and does not constitute investment,legal,or t

3、ax advice.The analyses,opinions,and projections contained herein are based on information believed to be reliable but are not guaranteed for accuracy or completeness.Readers should conduct independent due diligence before making investment decisions.Past performance is not indicative of future resul

4、ts.Views expressed are subject to change without notice.Smarter Realizations,Strategic Entries:Rethinking Secondaries in Private Markets2At Jada,we view secondaries as part of a mature private market,not a substitute for fundamentals.As portfolios deepen,LP-led and GP-led solutions can provide early

5、 liquidity,diversify exposure,and shorten holding periods.But the same principles that govern successful primary investing must apply here:transparency in valuation,strong alignment across stakeholders,and rigorous execution.As these dynamics take hold in Saudi Arabia,their impact is already visible

6、.We are seeing an evolving market where managers and institutional partners are already using secondaries to manage risk,recycle capital,and stay focused on building enduring companies.This report,“Secondaries:Effective Portfolio Management Tools for PE&VC”,sets out the opportunities and the caveats