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.
To access this survey, as well as ones stretching back to 2017, click on the tiles below.
LATEST SECONDARIES INVESTOR HEADLINES
Is it even really worth leading a deal these days?
Reports of the benefits of preferential terms for investors who negotiate and structure a deal may be greatly exaggerated.
Bain: China’s new IPO regulations could bolster secondaries market
The country's official cabinet has published a nine-point circular to ‘strengthen supervision’ on capital markets, including updates on listing process and delisting regulations.
Brookfield and Sequoia-backed Pinegrove shares strategy details
The venture secondaries firm plans to use equity investments and structured financings, and will deploy capital via GP- and LP-facing transactions.
Manulife: Search for alpha in secondaries market sparks LP interest
Manulife Investment Management’s GP-led secondaries programme will seek out concentrated deals from the large-cap space through to the lower mid-market.
Secondaries fundraising falls off cliff in Q1
Capital raising for private equity secondaries strategies plummeted 77% year-on-year for the three months to end-March, according to PEI data.
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