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17Capital expands New York team

Jonathan Goldberg joins from the leveraged finance team at RBC Capital Markets, making him the third senior appointment made by 17Capital in nine months.

Four takeaways from Lazard’s sponsor-leds report – exclusive

The US overtakes Europe, buyers team up on deals, and energy and VC look primed for a strong 2019, according to the advisory firm's Financial Sponsor Secondary Market 2018 Year-End Review.

Spring Bridge taps Coller for director and hires CFO

The firm, formed by two former Coller Capital partners, has hired an alumnus from the secondaries powerhouse.

StepStone to back L Catterton deal – exclusive

The process to give more runway to assets in L Capital Asia, a 2009-vintage, $637m buyout fund, is being run by Evercore.

Denham seeks extra runway for 2005-vintage energy fund

The energy investor has set up a continuation vehicle for the process on its $1.24bn Fund IV.

The case for clarity in end of fund life issues

Ambiguity around who pays for what when a vehicle comes to the end of its term could scupper growth in the GP-led secondaries market.

Renegotiating the LPA: basics

Proskauer's Nigel van Zyl explains the key commercial, legal and investor relationship issues GPs need to consider before amending the agreement's provisions or restructure funds.

ICG returns seeking $1.6bn – exclusive

The firm's last dedicated secondaries fund, focused mainly on end-of-life processes, closed in April 2017 on $1.1bn.

LGT and Idinvest back Halder fund extension – exclusive

The German mid-market buyout firm has extended the life of its 2008-vintage fund by two years in a deal advised by Rede Partners.

PE value creation is limited after year 9

Median funds generate limited value after year 9, but lower tier funds generate more value during the back-end of their life, according to Pantheon.

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