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.

paper crane evolving into paper aeroplane
As more sponsors seek to run continuation vehicle transactions, two managers lay their cards on the table and discuss what improvements they would like to see from the market.
compass pointing to the word opportunity
Separately managed accounts have unique characteristics that make secondaries trades trickier than those involving commingled funds.
Are you GP lacking follow-on capital for an add-on? A continuation fund could be right for you – so long as it's done right.
Nico Taverna, founding partner at the GP-led focused firm, talks to Secondaries Investor about how it will invest its €350m second fund.
Diamond in the rough, jewel, prize
The firm’s $1bn haul for its first dedicated commingled vehicle for infrastructure secondaries this week couldn't come at a more opportune time.
Getting a fairness or valuation opinion on a private equity GP-led secondaries transaction is a straightforward, albeit costly task. In credit secondaries, however, the rule change creates a cumbersome burden.
The use of deferred payments is increasing as sellers and buyers seek mutually beneficial ways to bridge deals.
Rather than wait out overallocation, LPs have headed to the secondaries market to continue their investments into private assets. The opportunities, however, far outstrip demand.
digital barrier door
Ardian’s Wilfred Small and Arnaud Mercier speak with Secondaries Investor about Ardian's artificial intelligence platform and where AI's limitations are in private markets.
image of rubber stamp and hand
The SEC’s vote this week that makes third-party opinions in continuation fund transactions mandatory was a practice that was already becoming a market norm.
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