GP-leds

Innovation should drive the continued growth of the GP-led secondaries market, write Nigel Dawn and Ryan Rohloff in this sponsored article.

The process is one of the largest in the market, rivalling that of New Mountain Capital, which is moving five assets out of its 2007 fund in what could be a $2bn or more transaction.

More understanding of the benefits of the strategy among GPs and LPs may drive continued expansion, say Ben Perl, Ethan Falkove and Peter Bock in this sponsored Q&A.

Compass Partners built its position in Rodenstock via two direct secondaries transactions funded by secondaries buyers.

East Coast technology and healthcare investor Riverside Partners increased its GP commitment by $4.25m to strengthen alignment.

Secondary Fund IX is the largest raised by the San Francisco-based manager across its secondaries, fund of funds and direct co-investment platforms.

The small print of some recent deals is some of the most seller-friendly in the secondaries market. Could this new dynamic be here to stay?

Golding Secondaries 2019 held a first close in March 2020 and will back a mix of LP- and GP-led deals across private equity, debt and infrastructure.

Already a fast-expanding part of the secondaries market, GP-led deals have rocketed since last summer. We consider the factors igniting growth.

Lazard's recent deal sheet includes GP-led secondaries processes involving ICG, Astorg and Madison Dearborn Partners.