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.

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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.
Axing carry and management fees for certain investors is a neat way of giving back.
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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.
Arrow On An Old Map
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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Anyone doubting that Asia could provide meaningful secondaries dealflow should think again.
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While GP-led processes can be technically and legally complex, emotions are often the biggest hurdle to closing a deal.
Large North American public pension plans may be fuelling one part of the secondaries market, while pouring cold water on another.
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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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.
Concerns from a sophisticated institutional investor should be heeded… to a point.
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