Secondaries Investor Law Firm Survey

Ropes & Gray has broken Kirkland & Ellis’s stronghold on the secondaries market amid a continued shift toward sponsor-initiated deals.

The Boston-headquartered law firm advised on $146 billion-worth of secondaries transactions in the year to end-October across recapitalisations, preferred equity deals, single-asset recapitalisations, spin-outs and classic secondaries deals, according to the Secondaries Investor Law Firm Survey 2023.

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SI Decade: From financial crisis to secondaries sales

The Decade of Secondaries Investing podcast miniseries celebrates 10 years of Secondaries Investor with reflections on key trends that have shaped the market, as well as a glimpse into what likely lies ahead.

From proof of concept to lasting record

The secondaries industry is stepping up its reporting of the performance of continuation fund exits as the supply of opportunities continues to outstrip the available capital for these deals.

StepStone leads on $175m insurance-focused continuation fund

Hudson Structured Capital Management has moved five assets out of a multi-sector insurance-focused fund into a continuation vehicle.

ICG’s Strategic Equity steps up as buyer on CVC’s single asset

LPs will be given the option to roll or sell on CVC’s continuation fund process for Multiversity, which is understood to be €1.5bn-€2bn in size, Secondaries Investor learns.

Real estate secondaries on the cusp of a golden age

A broad pipeline of manager- and investor-led deals is emerging in the current liquidity-constrained market, fuelling long-term growth.

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