Secondaries

Agency publishes criteria for NAVs backed by LP secondaries interests, with plans to rate other NAV types down the road.

Transfer agreements are seen as a $100,000 'copy & paste job' by some and 'complex legal contracts' that law firms are losing money on by others.

The transaction has been backed by capital from long-term yield-oriented institutions and not traditional secondaries firms, PEI understands.

Co-investors often have different expectations and preferences than main fund investors when it comes to GP-led secondaries processes, write Debevoise's Jane Engelhardt, Brett Bush and Lauren Heller.

Going beyond standard commitment expectations in continuation fund transactions can help sponsors demonstrate alignment.

Private equity secondaries will be a $500bn market by 2030, said the firm's founder and chief investment officer Jeremy Coller.

Iron Road Partners’ Igor Rozenblit – former co-head of the SEC's private funds unit – details concerns and red flags the regulator will be looking for following the passing of its private market rules last year.

Offering will give LPs – including those who act as GPs of secondaries funds and fund of funds – and fund administrators asset-level data.

Panellists at PEI Group’s NEXUS 2024 summit discuss the blurring of the lines between secondaries and co-investments.  

Continuation vehicles across different geography, size and industry of underlying assets have generated similar return multiples.