Home Restructuring

restructuring

Coller to back Thomas H Lee GP-led process – exclusive

The process on the 2006-vintage, $8.1bn Fund VI is being put to limited partners on Wednesday, Secondaries Investor understands.

The cost of restructuring a fund

Tom Angell, partner at financial services firm WithumSmith+Brown, dissects the results of sister publication pfm's Fees & Expenses Benchmarking Survey.

Why LPs should think positively about fund restructurings

There is a cohort of crisis-era funds which investors would be better off getting out of or re-incentivising their GP.

Who really benefits from single-asset transactions?

As the market evolves, the lines between direct secondaries and secondary buyouts are becoming increasingly blurred, writes Rede Partners' head of secondaries Yaron Zafir.

LPs stuck in hurdle limbo should consider exit options – Hamilton Lane

Around 18% of buyout funds of vintage 2005-08 are at or near their hurdle rate, many of which will not provide any more distributions to LPs.

Taking GP-leds to the masses

The increasing acceptance of GP-led deals has opened up opportunities in the smaller end of the market, but unique challenges arise when dealing with smaller funds.
Handshake

Eaton Partners adds New York secondaries VP

The firm has advised on 10 complex secondaries transactions totalling $2bn, including one of Asia's first restructurings in 2016.

Morningside goes back to CPPIB roots for latest hire

The secondaries firm has hired George Weekes, a former Canada Pension Plan Investment Board funds, secondaries and co-investment professional.

When the highest price isn’t always best

LPs should consider what an offer from a secondaries buyer means for a GP's future, according to panel participants at an industry conference in London.

NYCERS: Industry ‘could do a better job’ on GP-leds

David Enriquez, the $65bn pension's co-head of private equity, says the market needs to differentiate between types of process and their purpose.

Copyright PEI Media

Not for publication, email or dissemination