Claire Coe Smith
Impact investor Summa Equity closed Summa Circular, believed to be the first Article 9 continuation fund, in December, breaking new ground for the secondaries market.
A record one-in-five investors are planning to invest in the strategy, according to affiliate title Private Debt Investor's latest LP Perspectives Study.
The denominator effect combined with a need for liquidity has delivered a boost to the nascent credit secondaries market.
While GP-led clauses in fund agreements are not a silver bullet, certain LPA provisions could help GPs and LPs better navigate these transactions should they arise.
The crisis has put pressure on the relationships between GPs and LPs. As many look to renegotiate fund terms, what will the lasting effects be?
Access to information is key in mitigating conflict of interest concerns in secondaries deals, especially GP-leds. Here are five tips.
Subscription finance is busier than ever, prices are rising and competition among lenders is on the rise despite the pandemic.
The much-talked about blossoming of the resale market remains more dream than reality.
Market participants from Evercore, Partners Group, Debevoise & Plimpton and Ropes & Gray share their perspectives on running a secondaries auction process that works smoothly for all parties.
Investors remain reticent to commit to private debt secondaries, according to sister title Private Debt Investor's LP Perspectives report.
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