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.

fundraising
Tom Angell, partner at financial services firm WithumSmith+Brown, dissects the results of sister publication pfm's Fees & Expenses Benchmarking Survey.
There is a cohort of crisis-era funds which investors would be better off getting out of or re-incentivising their GP.
As the market evolves, the lines between direct secondaries and secondary buyouts are becoming increasingly blurred, writes Rede Partners' head of secondaries Yaron Zafir.
As stapled deals evolve to take all shapes and sizes, GPs and their advisors must continue to disclose their effect on pricing to LPs.
The increasing acceptance of GP-led deals has opened up opportunities in the smaller end of the market, but unique challenges arise when dealing with smaller funds.
Lumpiness, rather than sentiment, is why secondaries fundraising is down.
Jon Costello
In the wake of former head Larry Thuet's retirement, Jonathan Costello talks to Secondaries Investor about growth plans for the firm, single asset restructurings and securitisations.
Stafford’s successful takeover of a $259m timber fund suggests most investors value a guaranteed exit today more than higher promised gains tomorrow.
At a secondaries-themed breakfast we found that, unlike the pastries, changes to US tax rules are not going down well.
Northleaf Capital Partners' latest fund is more than three times larger than its predecessor. Managing director Michael Flood discusses how the firm plans to deploy the vehicle and the additional $500m it amassed in SMAs.
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