Home Risk

risk

Late secondary funds carry greater risk

The finding of a study conducted by 17Capital and PERACS justifies that investors often require a greater discount when investing in a tail-end fund.

Deal complexity dominates 2015 expectations

Lawyers, including Proskauer's Sean Hill, expect GPs to invest in more complex and non-traditional secondaries deals in 2015.

EM secondaries: a growing untapped opportunity

There's a new wave of supply in emerging market secondaries and buyers with local expertise are best placed to exploit these opportunities, says PineBridge's Valerie Chen (pictured), Cristina Alcaide and Amit Mahajan.

Risky business for secondaries buyers

Buyers need to understand how to mitigate risks such as alignment and asset allocation when acquiring LP fund interests.

LP fund interests: Pricing vs. NAV

The price of an LP fund interest can end up being the same as the interest’s NAV because secondaries sellers and buyers have difficulty understanding accounting nuances when negotiating terms, according to Duff & Phelps' David Larsen.

Beating regulation risks

FACTA has gone into effect and the AIFMD compliance deadline is right around the corner - all of which secondaries firms must be alive to.

Bidding process raises competition law concerns

European private equity firms risk facing competition law exposure during bidding processes, a report by Travers Smith reveals.

Unigestion reveals portfolio risk reduction measure

Risk assessment using funds' cash flow data rather than approximate valuations can help investors compose and rebalance portfolios, according to Unigestion.