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Commentary

Thought leadership from the secondaries sector’s leading voices including legal experts, industry veterans, asset class specialists (from real estate to private equity) and academics.

How LGT applies ESG filters to secondaries deals

Partner Martha Heitmann discusses ESG-driven secondaries sales and what to do if a portfolio sets off alarms.
Mid-year reflections on a gravity-defying market

Mid-year reflections: Massive volumes and single-asset deals

Three years ago the thought of a $100bn secondaries market was met with a chuckle; today it looks more likely than not.

Five questions with Adams Street’s secondaries partners

Jeff Akers and Pinal Nicum of Adams Street Partners discuss their latest fundraise, the rise of SMAs and the limitations of relying on leverage to generate returns.
Sunaina Sinha

How buyers use matrix pricing to mitigate ROFR clauses

Right of First Refusal clauses can mean buyers face hurdles on certain fund stakes when bidding on a portfolio. Sunaina Sinha, founder of Cebile Capital, talks to Secondaries Investor about how buyers use pricing allocation to ensure they acquire whole portfolios.
aspirations

The market that’s quietly proving sceptics wrong

Key takeaways from our podcast this week with 17Capital’s Augustin Duhamel on the state and future of preferred equity.
Melissa Ackermann

Five questions with Multiplicity’s Ackermann

Melissa Ackermann, who joined investment firm Multiplicity Partners in June, discusses the opportunities in out-of-favour real estate secondaries deals.
inflating

Are buyers really attracted by higher valuations?

The US prosecutor’s claim that Abraaj ‘boosted’ valuations to entice secondaries buyers is at odds with market logic.
clock

Young Guns of Secondaries: The countdown begins

We need your help to compile the industry’s only ranking of the most impressive professionals under 35.
glass slipper

The private equity secondaries market: a Cinderella story

The secondaries market's transformation into a $70bn market is due to both a wave of the Fairy Godmother’s wand and the payoff for years of scrubbing floors, write Houlihan Lokey's Jeff Hammer and Paul Sanabria.
barbed wire fence

Caspersen’s out of prison; has anything changed?

The release of former restructurings expert Andrew Caspersen should remind the private equity industry more scrutiny is a good thing.
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