private equity

Mike Custar and Jake Stuiver of White Plains-based secondaries advisory M2O discuss the return of the LP market as a counterweight to GP-led deals.

The asset manager is targeting space left by the ballooning mega-fund market, according to documents from US public pension fund VCERA.

We surveyed 90 fund managers and lawyers to ascertain how the industry could be affected by changes to carried interest. 

Holding assets longer is not always the first consideration for prized assets, healthcare investors said at a Dechert conference.

The $81bn sovereign wealth fund is considering hiring an adviser to feel out pricing in the secondaries market, CIO Marcus Frampton said on Tuesday.

The proportion of secondaries transaction volumes to primary capital raised has stayed stubbornly around the 1% mark, as the primary market continues to grow.

Buyers have become more selective and have emphasised the importance of alignment in GP-led deals, according to the advisory firm's latest survey.

The US public pension is also under-allocated to secondaries versus its target, due to the denominator effect.

Niche buyer Felicitas targets fund stakes, direct secondaries, preferred equity and fund financings at the small end of the market.

Hamilton Lane led the transaction, the fourth inaugural continuation vehicle in the past two months.