Access to incremental debt capital can support follow-on investments in existing portfolio companies to preserve or enhance fund NAV, writes David Philipp of Crestline Investors.
The niche strategy is coming into its own, as it did back in the global financial crisis.
GPs should be aware of right of first refusal clauses and PTP issues when processing transfer requests from LPs brought about by the covid-19 crisis.
The GP-led secondaries market has long touted itself as a creative panacea for managers and LPs; in this challenging period it’s time to step up to the plate.
The economic shock caused by coronavirus is already filtering down into the asset class.
Executives from the firm say they are seeing deal types split into three groups, in this sponsored article for sister title Infrastructure Investor.
Secondaries firms with local knowledge and an appetite for bureaucracy could reap the rewards.
Investec Fund Finance’s Slade Spalding discusses options GPs have when raising or releasing equity against their management companies, in this sponsored article.
Secondaries recruiters are having to think creatively to fill advisory side positions in a market where talented and suitable candidates aren’t immediately obvious.
We continue the conversation around credit secondaries with reflections on why the strategy may struggle to establish itself.
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