Commentary

Thought leadership from the secondaries sector’s leading voices including legal experts, industry veterans, asset class specialists (from real estate to private equity) and academics.

Portfolio finance can offer an attractive alternative to fund defensive and offensive strategies, says the firm's managing partner Pierre-Antoine de Selancy.
Falling distributions and increased capital calls are catalysing sellers, serving up prospects for discerning buyers, says Pomona Capital’s Michael Granoff.
2021 new year
Three things to look out for in the secondaries market over the next 12 months.
bedroom
One of Wall Street's biggest banks and an M&A goliath has decided it's time to turn its attention to the GP-led market, and it's making its mark.
Fund finance
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.
credit
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.
Silhouettes of happy businessperson. Success of business concept, team, success, spinout
Our upcoming podcast with Glendower Capital chief executive Carlo Pirzio-Biroli looks at best practices for going it alone, including track record attribution and having an amicable separation.
Colorful Fireworks Lighting Effect on Purple Background for Celebration Concept, happy
Submissions for the PEI Awards suggest 2020 could have been far worse for the secondaries market.
shake, mix-up, cloud, mixing, fusion, bomb
In the wake of multiple key departures from the market's biggest advisor, the future of the multi-billion LP portfolio market is up for grabs.
hot cakes
The secondaries market is more seller-friendly than ever, allowing sponsors to push terms that surprise even seasoned pros. This is unlikely to last.
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