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.

How secondaries processes can show GPs the best exit

LPs worried about conflicts in fund restructuring situations may be reassured by Charterhouse’s sale of Comexposium.

Counterparty? What counterparty?

Buyers who acquire assets from a fund that is winding down need to be aware of several key issues, including the lack of a counterparty from which to recover any losses, according to Proskauer's Andy Shore.

Anatomy of an A-team spin-out

The spin-out of ABN AMRO's private equity unit to form Capital A shows buyers are willing to accept less by way of secondaries assets if they really like the team.

The case for clarity in end of fund life issues

Ambiguity around who pays for what when a vehicle comes to the end of its term could scupper growth in the GP-led secondaries market.

Are you ready to rumble?

Submissions for 12 secondaries categories in sister publication Private Equity International's annual industry awards close next week.

The cost of restructuring a fund

Tom Angell, partner at financial services firm WithumSmith+Brown, dissects the results of sister publication pfm's Fees & Expenses Benchmarking Survey.

Why LPs should think positively about fund restructurings

There is a cohort of crisis-era funds which investors would be better off getting out of or re-incentivising their GP.

Who really benefits from single-asset transactions?

As the market evolves, the lines between direct secondaries and secondary buyouts are becoming increasingly blurred, writes Rede Partners' head of secondaries Yaron Zafir.

Stapled deals: sweeteners that come in many flavours

As stapled deals evolve to take all shapes and sizes, GPs and their advisors must continue to disclose their effect on pricing to LPs.

Taking GP-leds to the masses

The increasing acceptance of GP-led deals has opened up opportunities in the smaller end of the market, but unique challenges arise when dealing with smaller funds.

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