GP-Leds

Former Park Hill and Coller executive Andrew Caspersen allegedly created a fake credit facility to support a real stapled secondaries transaction, according to the US Department of Justice’s complaint.

When conceived and executed the right way, GP solutions transactions can create a win for all parties. Greenhill Cogent's Brian Mooney and David Eberstein identify some key components of a successful GP solution.

Carlyle Partners IV, which closed in 2005 on $7.85bn, has received investor approval for a 2-year extension to exit two remaining portfolio companies.

Tail-end opportunities, the beauty of volatility and the proliferation of GP-led transactions were among the topics broached at an industry event in London this week.

Kate Ashton, a corporate partner at law firm Debevoise & Plimpton who counsels private equity and other investment funds, recently sat down with Secondaries Investor for a Q&A on fund restructurings.

More and more GPs are taking bundles of assets from expired infra funds and moving them into new, longer-dated yield-generating vehicles which they then open up to new LPs through stake sales.

The firm's global head of secondaries, Andrew Hawkins, outlines ICG's strategy for making restructurings work.

Secondaries advisors are increasingly incorporating fairness opinions into GP-led restructurings, giving LPs an independent perspective while providing insurance for fund managers. Overall, fairness opinions are seen as a step in the right direction toward better representation of LPs.

A consortium led by Access Capital Partners restructured Odin's two buyout funds. The firm also rebranded to BWB Partners.

The Swiss group will deploy the capital in secondaries, direct and primary real estate transactions.