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Following an era of innovation, secondaries now enters an age of capitalisation with new entrants joining the market, secondaries professionals told PEI Group’s NEXUS summit in Florida.
Three of PEI’s Women of Influence – Morningside's Tori Buffery, KKR's Saleena Goel and LGT's Martha Heitmann – share their outlook on the GP-led secondaries market.
If they are not addressed appropriately, legal complexities such as tax issues can knock a deal off track.
Even with the best laid plans, GP-led processes can become delayed, but there are steps sponsors can take to mitigate common holdups.
Sponsors and management teams need to demonstrate their commitment to the next phase of growth.
Sponsors and management teams need to demonstrate their commitment to the next phase of growth.
An increase in dealflow has shone a light on a number of roadblocks, including issues of alignment and short timelines
A collaborative approach is key to helping de-risk transactions and develop long-term relationships.
Early engagement and regular communication with LPs are vital to avoiding roadblocks in the GP-led secondaries process.
Muted M&A activity and liquidity demands are prompting more sponsors to consider moving assets into continuation funds, but successfully completing a GP-led deal is more easily said than done.