GP-Leds

Credit Suisse’s Jonathan Abecassis responds to our assessment of GP-led fund restructurings and the need for a genuine ‘do-nothing’ option for LPs.

There are reportedly multiple buyers in the tender offer on Fund V, all of which will make a contribution to its CEE-focused successor..

The former chief exec of Deutsche Telekom was one of the LPs who sold stakes to Partners Group, UK regulatory filings show.

The Russian private equity firm gave investors a liquidity option on two of its buyout funds, though low pricing meant lower than expected uptake.

The fact that Apax Partners shelved plans for its GP-led secondaries process shows that LPs desire a genuine 'do nothing' option.

The deal involves the Polish private equity firm's 2010-vintage fund and investors have the option to sell or roll over into a new vehicle, Secondaries Investor has learned.

The transition away from tail-ends and GP-led restructurings is already happening, said Pal Ristvedt at BVCA's annual conference.

The buyout firm is no longer proceeding with its proposal to move assets from Apax Europe VII into a continuation vehicle, Secondaries Investor has learned.

The lower- and mid-market-focused firm had hired Greenhill Cogent to work on a tender offer process on its 2009-vintage fund, Secondaries Investor has learned.

The firm is putting together a 10-strong secondaries team, split between London and New York, to focus on vanilla deals as well as more complex processes.