Q&A

Investment bank Houlihan Lokey’s co-head of illiquid financial assets, Jeffrey Hammer, tells Secondaries Investor how his team views the non-traditional landscape.

Amid the emergence of managers specialising in GP-led deals, advisors are still vital in a complex sector with inherent conflicts of interest, according to Yaron Zafir, head of secondaries at London-based advisory firm Rede Partners.

Adam Howarth, co-head of private equity secondaries at Partners Group, explains how heightened anxiety in the market is impacting activity at the firm and why secondaries returns will become increasingly mixed.

Each regional market poses its own set of challenges and opportunities according to Darren Massara, managing partner at the only Asian firm to make our Si30 ranking.

Avoiding the crowded core is key to finding value in an asset class that is growing explosively, according to Pantheon's Andrea Echberg.

Some GP-led deals fail due to a lack of trust, and GPs should be completely transparent about any benefits they receive, according to law firm Proskauer Rose’s Howard Beber and Michael Suppappola.

Proskauer Rose’s Howard Beber and Michael Suppappola tell Secondaries Investor that despite having healthy scepticism, LPs are increasingly judging each deal on its merits.

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 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.