Chris Witkowsky
Assessing a quick-flip continuation vehicle on the asset’s hold period alone is an imperfect metric.
The SaaS provider has generated large returns following Summit's initial investment, with LPs given a range of options to roll or cash out during the CV process, Secondaries Investor understands.
An Evercore vice-president joins as managing director and will lead the construction of Moelis's LP-led secondaries business with three others, Secondaries Investor understands.
There’s reasons on all sides to settle on market practice when it comes to continuation vehicle guidance – lest regulators decide it for you.
The deal gives Plaza more time with StackAdapt amid AI disruptions, with the firm's investment considered one of the high-returning Canadian venture deals of all time.
To try and smooth out pain points in the LP/GP relationship, LPs focus on top priority terms involving key person provisions, how carried interest is distributed throughout the organisation and standard of care/fiduciary duty, ILPA found in a recent sentiment survey.
The insurer worked with Evercore to shop a $1.8bn portfolio under the name Project Trident, Secondaries Investor has learned.
People moves within the secondaries advisory community have continued apace as firms jockey for competitive position.
The system's process marks the latest instance it has sought liquidity in the secondaries market.
Private markets comprise around 61% of Abu Dhabi Investment Council's investment portfolio.