Investors are increasingly interested in tailored secondaries structures, writes James Jacobs, global head of real estate for Lazard’s private capital advisory group.
NAV-based lending facilities can be more effective – and encounter less resistance from LPs – than preferred equity, says head of transactions at Rede Partners Magnus Goodlad.
The private debt asset class has matured to the point where the secondaries market is beginning to develop scale, writes Daniel Roddick of Ely Place Partners.
Clarity on withholding tax issues for non-US investors means secondaries trades can now be conducted with greater ease, write Macfarlanes’ James McCredie and Florence Barnes.
The value in the range of liquidity options available to private equity managers lies in their bespoke nature, write Katie McMenamin and Ed Ford in this sponsored article.
Secondary market innovations bode well for investors and GPs that need to be nimble in an evolving landscape, write Mozaic Capital’s Solomon Owayda and Christine Patrinos.
The conventional wisdom that M&A or IPO are the only two paths to liquidity for a business may no longer hold true, write Todd Miller and Katie Stitch of W Capital Partners.