Not having negotiated subscription lines themselves, investors may be unaware of terms that could block sales of their interests, writes Andy Thomson, editor of sister publication Private Debt Investor.
In this third excerpt from sister publication Private Equity International's secondaries roundtable, some of the market’s top participants discuss the use of leverage to boost returns.
Pricing has reached 'unusually high levels', according to the investment firm's chairman.
The deal makes the firm the largest shareholder in two formerly PE-backed distressed companies.
Olivier Decannière, the French secondaries giant's UK head, tells Secondaries Investor why its clients want to move past the 'old story' of private equity.
Pomona Investment Fund's acquisitions included a stake in an Audax Group mezzanine fund which became the vehicle’s largest single fund exposure.
Bank loans used by GPs and backed by LP commitments could complicate stake sales processes, according to the veteran investor.
Christophe Evain will be replaced in his capacity as ICG’s CEO and CIO by Benoit Durteste in July.
Buyers paid more than 90% of NAV for fund stakes in the strategy as a hedge against possible market falls, according to Setter Capital.
The European secondaries investor picked up stakes in two European Capital debt funds from the firm’s previous owner, American Capital, as part of the acquisition announced last week.