Commentary

Recent deals involving Bluegem Capital and Warburg Pincus have put a new spin on single-asset restructurings, raising interesting questions for LPs.

Houlihan Lokey’s Jeff Hammer and Paul Sanabria discuss the benefits of undertaking GP-led secondaries in private debt.

Buyers are used to dealing with currency or concentration risk, but information asymmetry is trickier to price.

The little known ‘low-funded secondary’ can help GPs in the short and long term, writes Vintage's Abe Finkelstein (pictured).

Note to sellers: A portfolio containing managers with robust ESG policies is a more enticing proposition.

Partner Martha Heitmann discusses ESG-driven secondaries sales and what to do if a portfolio sets off alarms.

Three years ago the thought of a $100bn secondaries market was met with a chuckle; today it looks more likely than not.

Jeff Akers and Pinal Nicum of Adams Street Partners discuss their latest fundraise, the rise of SMAs and the limitations of relying on leverage to generate returns.

Right of First Refusal clauses can mean buyers face hurdles on certain fund stakes when bidding on a portfolio. Sunaina Sinha, founder of Cebile Capital, talks to Secondaries Investor about how buyers use pricing allocation to ensure they acquire whole portfolios.

Key takeaways from our podcast this week with 17Capital’s Augustin Duhamel on the state and future of preferred equity.