GP-Leds

Ludovic Douge, head of secondaries at advisory firm and placement agent Jasmin Capital, discusses FIPs and FCPIs and why an inability to extend the vehicles' lives is spurring restructuring opportunities.

Tail-end specialist Hollyport Capital backed the deal involving the buyout firm's 1998-vintage fund, including a discount of as much as 70% on the GP clawback.

Assets in the deal include UK wine wholesaler Enotria & Coe and cosmetic surgeons chain Private Clinic Group.

Nadira Huda, a Secondaries Investor Young Gun, becomes the second Greenhill professional to move across this year.

With the advent of the fundless GP-led deal, traditional GP-led restructurings are so 2017.

The Deutsche Bank spin-out has led a consortium that backed a deal involving moving six of Argonne Capital's assets, including three IHOP franchises, into a continuation vehicle.

This is the second GP-led process carried out on Doughty Hanson IV, the first of which HarbourVest Partners backed in 2015.

In part II of sister publication Private Equity International's secondaries roundtable, market participants discuss the shift in GP-led restructurings, the importance of looking after LPs and mega-fundraises.

In part 1 of sister publication Private Equity International's secondaries roundtable, market participants discuss restructurings, hybrid structures and why European GPs are leading the way.

A lack of industry standards makes measuring the size of secondaries deals tricky in a fast-evolving market.