Deep dive: Everything you must know about GP-led secondaries

Our September cover story guides you through a GP-led secondaries process.

“We had been talking about the potential for a longer holding vehicle with investors in the course of our regular site visits for several years.” This was what Lime Rock Partners’ Gary Sernovitz told Private Funds CFO for our September magazine cover story.

Once associated with problem funds, GP-led processes are now part of the smart fund manager’s toolkit. Should you be doing one, and if so, how?

In this deep dive, we set out to bring GPs all the information they need to present a liquidity option to their limited partners – from what types of deals are out there and who advises on the process to what we have learned about best practice in this nascent segment of the market. We hope you find it useful and would welcome your feedback.

Email prepared by Toby Mitchenall