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.

Why Phaunos is stonewalling Stafford

Stafford Capital Partners has lodged a $244m hostile bid for a timber fund it used to manage, but the fund is holding out.

Single-minded

The rise of the single-asset fund restructuring shows a maturing secondaries market.

Defaulting on commitments: what happens

When an LP can't meet a drawdown request, what happens? What recourse does a GP have? Ed Hall from law firm Goodwin analyses the remedy and negotiation points in this extract from The LPA Anatomised.

The arrival of the non-traditional player

Pensions and sovereign wealth funds are giving traditional buyers a run for their money.

Healthcare secondaries: ‘the classic definition of a niche’

Scott Halsted, managing partner of Leerink Partners, discusses steep discounts, regulatory risk and how to deploy in a small and difficult market.

Colony and Abraaj: who, what, when, where and why?

The real estate investment firm owned by Tom Barrack agreed this week to buy part of the ailing Abraaj business. What do we know?

The land of the 41% discount

Latin America is poised for increased deaflow at decent discounts, according to Spectra Investments' Ricardo Kanitz.

Why these French retail vehicles are spurring secondaries dealflow

Ludovic Douge, head of secondaries at advisory firm and placement agent Jasmin Capital, discusses FIPs and FCPIs and why an inability to extend the vehicles' lives is spurring restructuring opportunities.

WATCH: Why LPs sell agriculture and timberland stakes

Sister publication Agri Investor speaks to Stephen Addicott, a timberland partner at Stafford Capital Partners, about the dynamics of secondaries in the asset classes.

NewQuest’s Massara on its stake sale to TPG

Darren Massara, a managing partner at Asian direct secondaries specialist NewQuest Capital Partners, tells Secondaries Investor why the firm chose to sell a significant minority stake to TPG and what’s next in terms of expansion and new strategies.

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