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Blackstone to become corporation after Trump tax cuts

New status is expected to widen the range of US and foreign owners of Blackstone’s stock.

How GPs can take the lead on GP-leds

On the heels of ILPA’s recent best practices on GP-led secondaries, BRG’s Finbarr O’Connor and Gavin Farrell take a practical look at issues important to LPs, and how GPs can address the guidance as they formulate transactions.

Ardian sells portfolio to Strategic Partners in tertiary sale

The investment firm has offloaded a portfolio of stakes from its 2010-vintage secondaries fund, having sold at least $1.5bn to the Blackstone unit since 2017.

BlackRock continues secondaries build-out

The world's largest asset manager has added a director and an associate to its growing secondaries team.

NewQuest seeks almost 60% more for latest fund

The Asia specialist is seeking $850m for direct secondaries and sponsor-led deals, which account for a growing proportion of its investments.

Greenhill retains top spot in crowded advisory field

Single-asset deals, preferred equity and asset-class diversity were among the themes to emerge in Secondaries Investor's annual advisory survey.
Aerial view of supported hands out together

GPs will be the biggest winners from ILPA’s guidance

Running a fund restructuring can be virgin territory for GPs; ILPA’s latest guidelines will be as helpful to them as it will to its members.

Ardian snags $550m Skandia portfolio – exclusive

The Swedish life insurer sold stakes in funds managed by Bridgepoint, EQT and IK, among others.
Nice, France

BEX ditches fees for NGOs in $365m fund close

Fund III is BEX’s first to offer ‘X shares’, which are exempt from management fees and carried interest, for non-governmental organisations and major non-profit foundations.
directions, guidance

ILPA arms LPs with ‘best practices’ on GP-led fund restructurings

The Institutional Limited Partners Association's guidance defines status quo options, minimum timeframes for LP decisions and recommends caps on deal expenses.

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