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.

thumbs up and down
While GP-led processes can be technically and legally complex, emotions are often the biggest hurdle to closing a deal.
Jon Costello
Jon Costello, head of the Secondary Advisory Group at PJT Partners, explains the impact on the broader private equity industry.
silhouette construction site .
GP-led deals are on the rise. How does this growth compare with historical levels, and what do these liquidity solutions look like from a secondaries investor’s standpoint? Landmark Partners’ Jamie Sunday and Ian Charles explain.
Large North American public pension plans may be fuelling one part of the secondaries market, while pouring cold water on another.
A GP-led deal in the music royalties space shows how adventurous secondaries investors are getting and how readily existing deal types can be applied to new asset classes.
change, shifting
The desire of private equity firms to hold assets for longer is creating misalignment with their LPs – and conditions for the secondaries market to thrive.
Concerns from a sophisticated institutional investor should be heeded… to a point.
oil pump
News has emerged of an energy GP-led deal that could be worth $5bn; such deals are full of pitfalls.
Storebrand
Why build an in-house secondaries team when you can buy one? Storebrand Asset Management talks to Secondaries Investor about its acquisition of Cubera Private Equity this week.
Liquid Stock has raised a $150m fund aimed at employees of private companies, using a part-debt/part-equity strategy.
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