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.

5 things
The veteran of Landmark Partners has launched a secondaries-heavy fund aimed at high-net-worth investors.
As GP-led restructurings continue to increase momentum, lawyers at Akin Gump Strauss Hauer & Feld consider how market practice is developing in a fast-moving sector.
PTP rules can prove a real pain to LPs that want to sell fund stakes. It’s worth GPs doing all they can to get around them.
fireworks
The fourth instalment of our list of the most impressive industry professionals under 36 is our most diverse.
treasure chest
Evercore's half-yearly report highlights a notable decline in the proportion of LPs choosing to sell in GP-led processes. This could be indicative of profound, longer-term changes.
5 things
With half the market on the beach, it’s time to take stock. These are the stories that generated most interest on Secondaries Investor in the first half of the year.
growth
First-half figures suggest another record-breaking year for secondaries deal volume, despite softer pricing and lower LP take-up in GP-led deals.
Eric Deram, Flexstone
Eric Deram of Natixis subsidiary Flexstone Partners discuss its latest fundraise, fees and its approach to investing in a downturn.
light bulb innovation
Recent deals involving Bluegem Capital and Warburg Pincus have put a new spin on single-asset restructurings, raising interesting questions for LPs.
full
Houlihan Lokey’s Jeff Hammer and Paul Sanabria discuss the benefits of undertaking GP-led secondaries in private debt.
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