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Zombie

The zombie investments have risen in private debt

While many credit funds wrap up cleanly, a lot don’t, and lenders are left to navigate how to deal with leftover loans and investor commitments.

How to handle divergent interests in GP-leds

LPs can find the options are limited when a fund manager restructures the leftover assets in a fund nearing the end of its life.

Lexington lined up to back Vitruvian GP-led – exclusive

The secondaries firm is in pole position to back a GP-led process on Vitruvian Partners' 2007-vintage fund, which has around €850m in remaining NAV.

Secondaries roundtable: innovation and evolution

In part 2 of sister title Private Equity International's secondaries roundtable, participants discuss fundless sponsor restructurings, single asset deals and how to find the upside of a market downturn.

Spring Bridge hires Coller investment manager

The appointment is the firm's second this year and brings its total staff to seven.

Ardian backs Ping An infra fund ‘seed’ deal

The firm has backed a deal in which the Chinese insurance giant used infrastructure fund stakes as seed assets to launch a fund of funds and co-investment strategy.
jigsaw, challenge

ILPA’s GP-led guidance comes with implementation challenges

Disclosure, the role of the LPAC and status quo options may make some GP-led restructurings unaligned with the industry body's guidelines, according to Cleary Gottlieb.

How GPs can take the lead on GP-leds

On the heels of ILPA’s recent best practices on GP-led secondaries, BRG’s Finbarr O’Connor and Gavin Farrell take a practical look at issues important to LPs, and how GPs can address the guidance as they formulate transactions.

NewQuest seeks almost 60% more for latest fund

The Asia specialist is seeking $850m for direct secondaries and sponsor-led deals, which account for a growing proportion of its investments.
directions, guidance

ILPA arms LPs with ‘best practices’ on GP-led fund restructurings

The Institutional Limited Partners Association's guidance defines status quo options, minimum timeframes for LP decisions and recommends caps on deal expenses.
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