Deals

Find out who’s buying, who’s selling and what is being sold. Get detailed information on the structures involved in secondaries deals, including LP portfolio sales, GP-led processes, spin-outs, restructurings and stapled deals.

sale

Market will take nine months to return to normal – survey

Buyers' own rates of deployment will decrease by nearly 30% over the next two months, according to Setter Capital.
tax

Common tax hazards in GP-led secondaries deals

Sponsors considering running secondaries processes on their funds should be aware of potential pitfalls that can hit carried interest and scupper deals.
Bounty

Secondaries buyers seek bounty amid coronavirus chaos

Buyers with an appetite for unfunded commitments could be an early beneficiary of coronavirus-related volatility.
Action supermarket

3i-managed Action’s troubles highlight single-asset risk

The retailer at the centre of one of last year's largest single-asset deals is preparing for a 'very tough' Q2.
stock market

Secondaries buyers expect VC fire sale

Overall secondaries market volume is expected to drop by about 30% this year, according to a survey by Setter Capital.
San Francisco

Strategic Partners emerges as backer of credit GP-led – exclusive

The deal was used to seed the $440m debut credit fund of Angel Island Capital.
Jasmine

France’s Jasmin grows secondaries advisory team

The small-cap-focused team is led by Ludovic Douge, a Secondaries Investor Young Gun.
Sunbeam through the black stormy cloud, silver lining

Coronavirus presents ‘unique opportunities’ for GP-leds – Paul Weiss

Individual portfolio companies may now need an injection of capital via secondaries processes, say lawyers from the legal firm.
Golden Gate

Golden Gate credit business seeds fund with secondaries capital

Angel Island Capital raised $440m for its debut third-party capital fund from a mix of secondaries and primary investors.
RMB to dollar restructurings

Yuan-dollar restructurings: Worth the effort for the right buyer

Secondaries firms with local knowledge and an appetite for bureaucracy could reap the rewards.
si
si

Copyright PEI Media

Not for publication, email or dissemination