Guest commentary

A focus on secondaries can deliver strong advantages for new open-end private equity funds, writes Nadim Vasanji, a managing director at Northleaf Capital Partners.

When it comes to fund debt, lenders and borrowers need to consider their unique features to create a workable facility, write lawyers from Mayer Brown.

A few years ago there were doubts about whether the credit secondaries market had become fully established. There seems little room for such a view these days, writes Daniel Roddick of Ely Place.

Increasing interest from institutional investors in secondaries has not yet materialised in transaction volumes, writes James Jacobs, head of real estate for Lazard’s private capital advisory group.

Mike Harris and Mike Jaworski, managing directors at CREModels, outline tips for real estate investors seeking to maximise returns and ferret out risk.

Navigating FDI requirements is increasingly important to dealmaking in the secondaries market, write Timothy McIver, partner, and Anne-Mette Heemsoth, international counsel at Debevoise & Plimpton.

Such transactions can generate liquidity for LPs, validate a mark and allow a GP to retain control of a well-performing asset, says Todd Miller of W Capital Group.

More investors are looking to sell fund interests as the need for liquidity bites, writes James Jacobs, head of real estate for Lazard’s private capital advisory group.

Many criticisms of these popular tools that are used to hold assets for longer don’t hold water, write Jeff Hammer and Paul Sanabria, global co-heads of secondaries for Manulife Investment Management.

As continuation vehicles become more common in infrastructure, LPs are putting such structures under the microscope.