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McKinsey: Take heed of abuse of secondaries

The market has deepened and matured, and with any new financial product, there is always the potential of abuse, according to partner Bryce Klempner.

Goldman raises carry on latest secondaries fund – exclusive

Terms of the firm's Vintage VIII fund, which is seeking $7bn, were disclosed in a private placement memorandum seen by Secondaries Investor.
stapler

How to avoid conflicts in stapled deals

Full disclosure and fairness opinions are the best ways to mitigate potential conflicts of interest in stapled deals.

Oregon: ‘aggressive’ behaviour in GP-leds is leading to alignment breakdown

The $75bn US pension says it has received 'innovative' and 'conflict-riddled' secondaries proposals.

How Committed Advisors’ latest fund stacks up against its peers

The firm is seeking €1.25bn for its fourth fund, almost two years after raising its predecessor.
Storebrand

Norway’s Storebrand on why it bought Cubera

Why build an in-house secondaries team when you can buy one? Storebrand Asset Management talks to Secondaries Investor about its acquisition of Cubera Private Equity this week.

StepStone makes two secondaries-focused professionals partner

The appointment of Michael Cronin and Vincent Hsu were among 11 partner and MD-level promotions at the firm.
Andy Shore

Proskauer secondaries partner to join Kirkland – exclusive

Andy Shore, a Secondaries Investor Young Gun of 2018, is understood to be joining Kirkland & Ellis as a partner.
single mystery skeptic

Single-asset sceptics

The rise of single-asset transactions has left some market practitioners unimpressed.

Greenhill’s secondaries advisory unit has ‘record’ year

The firm closed nearly 80 secondaries transactions globally last year and advised on around $20bn worth of deals.

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