Commentary

VC-focused secondaries seems like a niche market, but don’t be fooled: there is more to it than meets the eye.

Florida's State Board of Administration has committed more than $1bn to secondaries vehicles since 2010. Secondaries Investor caught up with John Bradley, senior investment officer at the $180bn pension, about why it lowered its allocation target and how LPs see secondaries.

Secondaries fundraising hit a post-crisis high in the first half of the year, but the expanding market can take it, say investors.

Anthony Silver (pictured) and Andrew Salter of Enhanced Venture Capital Recovery discuss how to dispose of non-core assets lingering in venture capital funds.

Secondaries Investor recently caught up with Stephen Ziff, a London-based partner responsible for origination and execution, who shared his views on GP-led restructurings, investing its Fund VII and Brexit.

The private equity industry and insurance firms in particular can benefit from securitisation, according to Park Hill's Larry Thuet and Pablo Caló.

Temasek’s recent bond issuance is a sign the market is once again receptive to securitisation deals for private equity portfolios.

Kate Ashton, a corporate partner at law firm Debevoise & Plimpton who advises private equity and other investment funds, says demand for fund restructurings and extensions will increase in the post-Brexit environment.

In the short term, Britain’s vote to leave the EU will bring dislocation and slowdown in the market, though it may lead to an increase in sales once the dust settles.

A model is emerging in the GP-led solutions market that can eliminate conflicts of interest, writes Evoco partner and co-founder Michel Galeazzi.