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Renegotiating the LPA: extensions

Proskauer's Nigel van Zyl discusses investment period and fund term extensions, in this extract from The LPA Anatomised.

Secondaries buyers need to beware of ECI

The new tax laws brought in a withholding tax on partnership interests held by non-US people. James McCredie of Macfarlanes explains the implications.

Renegotiating the LPA: basics

Proskauer's Nigel van Zyl explains the key commercial, legal and investor relationship issues GPs need to consider before amending the agreement's provisions or restructure funds.

Finding uncorrelated returns through lower mid-market secondaries

Star Mountain Capital founder and chief executive Brett Hickey tells us why specialised secondaries have an advantage.

For private funds, the beginning is in the end

GPs need to show they can handle their end-of-life funds when raising a new fund.

Should end of life be a new beginning?

Negotiations and arrangements for the remaining portfolio – including potential secondaries sales – can prove fiendishly complicated, writes Julie Corelli of law firm Pepper Hamilton.

Why secondaries are not a free lunch: the myth of the J-curve

In the third part of our series, Cyril Demaria, head of private markets at Wellershoff & Partners, argues the wait for returns is not as long as people think.

Why secondaries are not a free lunch: the myth of better performance

In the second part of our series, Cyril Demaria, head of private markets at Wellershoff & Partners, examines the evidence that secondaries perform better than funds of funds.

Why secondaries are not a free lunch: the myth of education

In the first of a three-part series, Cyril Demaria, head of private markets at Wellershoff & Partners, says that new entrants into the secondaries market often underestimate the amount of information and level of insight required to succeed.

Asian secondaries: worth a second look

The strategy is an increasingly popular way of refreshing global private equity exposure in the region, and buyers need to be savvy about the terrain, writes Atlantic-Pacific Capital’s Charles Wan.

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