Home Authors Posts by Rod James & Adam Le

Rod James & Adam Le

When secondaries go wrong: What the lawyers think

When net asset values drop and LPs who rolled their interests into their GP’s vehicle start to think they should have sold their interests instead, there could be legal implications.

Secondaries pricing: Behind the NAV

Buyers and sellers' expectations need to stay within touching distance of each other for a successful market.
handshake

Hogan Lovells’ secondaries lawyers join Paul Hastings

Three legal professionals including head of PE in London, Ed Harris, will join as partners, Secondaries Investor has learned.

Warburg Pincus explores single-asset deal on Allied Universal – exclusive

Allied Universal, the largest security force in North America, was valued at $7bn and could be moved into a separate vehicle backed by secondaries capital.

Hg explores preferred equity facility on Visma fund – exclusive

The buyout firm has been in discussions with providers over a £500m finance facility for its 2013-vintage HgCapital 7 fund, Secondaries Investor has learned.

Ardian races towards target for biggest-ever secondaries fund – exclusive

The secondaries giant is understood to have collected at least $9bn for ASF VIII, which has a $12bn target.
fireworks

Secondaries deal volume sees blockbuster year

More than $70bn traded on the secondaries market last year, according to data from several advisory firms.

Looking forward: Americas and Europe

Secondaries volumes and fundraising are likely to have a record 2018. Here are some predictions for 2019.

Whitehorse looks to raise biggest preferred equity fund – exclusive

The preferred equity specialist is returning to market two months after announcing the final close on its second fund.

ABN AMRO seeks buyers in PE unit spin-out – exclusive

The team is seeking buyers to back a portfolio of 25 Dutch companies and provide capital for a new private equity fund, Secondaries Investor has learned.
si
si

Copyright PEI Media

Not for publication, email or dissemination