Home Secondaries

secondaries

A company subject to a secondaries transaction could have at least five layers of leverage acting on it, from LBO debt up to a fund-level capital call facility. We investigate the test posed by the coronavirus to these layers, each with their own dynamics.
Two senior executives from Aberdeen Standard Investments say GPs looking for support capital are not concerned about its source.
Mike Bego, Kline Hill
The firm closed Fund III in April on $450m as well as an overage fund on $150m to take advantage of excess opportunities beyond the main fund's pacing.
In the firm’s Q2 earnings call, Jonathan Gray pointed out where in private markets he thinks investment from defined contribution benefit plans will get directed to first.
choices
One in 10 general partners plan to seek secondaries processes due to the covid-19 pandemic, a survey by sister publication PEI has found.
horse
Whitehorse Liquidity Partners is a rising star of the preferred equity market, led by one of the industry’s most charismatic figures. What’s behind its success? A strategy treated as ‘genius’ by some and with wariness by others.
An illustration of Saul Goodman
Evercore’s Saul Goodman has seen more GP interest deals than anyone else. We asked him in January about the development of the market.
The limited partner body’s guidance on GP-led fund restructurings is designed to create an industry standard for the execution of these deals, but how effective has it been in practice?
Sponsors considering running secondaries processes on their funds should be aware of potential pitfalls that can hit carried interest and scupper deals.
pfcfo
pfcfo

Copyright PEI Media

Not for publication, email or dissemination