News & Analysis

While GP-led clauses in fund agreements are not a silver bullet, certain LPA provisions could help GPs and LPs better navigate these transactions should they arise.

Goldman Sachs Asset Management currently invests in private equity and real estate secondaries through its Vintage family of funds.

While few established secondaries firms remain independent after a glut of M&A transactions last year, more groups than ever are seeking a seat at the table in the expanding marketplace.

GP-led deals are flying high as more sponsors look to the secondaries market to hold on to prized assets for longer.

Sceptics says concentrated GP-leds are an expensive way of doing co-investments; the Canadian pension believes the two markets address different risk/reward profiles.

Argosy Strategic Partners, the firm's secondaries unit, exceeded its fundraising target in just five months since its first close.

A hard-cap close on Fund V would push the preferred equity specialist up to $14bn in AUM just seven years after being founded.

Certain types of deal may not require a fairness opinion, a case likely to be made to the regulator during the ongoing consultation period.

The niche firm's Fund IV will make individual investments of between $5m and $1bn, with the aid of co-investors at the top of this range.

The move is significant for the Canadian pension giant, which until now had been unable to back such deals via its secondaries unit.