Editor's View

Our in-house take on what news, trends and developments affecting the secondaries market means to its different participants. In these weekly commentaries we stir discussion and prompt debate as well as comment on issues important to market participants in a lively and thought-provoking way.

What lawyers think about stapled deals

The impact of SEC attention, the right way to get a fairness opinion and the growing influence of the LPAC – just some of the topics discussed on Secondaries Investor’s upcoming stapled deals podcast.
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A sneak peek at PEI’s upcoming secondaries roundtable

More mega-deals, the pros of a market downturn and how participants are dealing with limited resources – just some of the topics discussed at sister publication Private Equity International’s recent roundtable.

BEX has done something good; hopefully others will too

Axing carry and management fees for certain investors is a neat way of giving back.
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GPs will be the biggest winners from ILPA’s guidance

Running a fund restructuring can be virgin territory for GPs; ILPA’s latest guidelines will be as helpful to them as it will to its members.
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Inside ILPA’s upcoming guidance on GP-leds

Secondaries Investor caught up with the industry body’s chief executive Steven Nelson for a sneak peek at its soon-to-be released GP-led secondaries best practices.
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What we know about Norinchukin’s $5bn sale

Anyone doubting that Asia could provide meaningful secondaries dealflow should think again.
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Why emotions are the biggest threat to scuppering a GP-led deal

While GP-led processes can be technically and legally complex, emotions are often the biggest hurdle to closing a deal.

North American public pensions: reluctant leaders

Large North American public pension plans may be fuelling one part of the secondaries market, while pouring cold water on another.

Deals that dance to a different beat

A GP-led deal in the music royalties space shows how adventurous secondaries investors are getting and how readily existing deal types can be applied to new asset classes.
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Ardian’s $18bn secondaries mega-fund highlights the shifting GP-LP relationship

The desire of private equity firms to hold assets for longer is creating misalignment with their LPs – and conditions for the secondaries market to thrive.
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