Panelists at PEI's CFOs & COOs Forum, held over the summer, spoke of how the standard GP structure is straining under the weight of value yet to be realised.
The original deal was set to be one of the largest GP-led secondaries ever, but well into the process Panasonic decided to acquire the largest asset, supply chain software provider Blue Yonder.
Activity is driven by secondaries and funds of funds aiming to lock in returns and liquidate old vehicles, according to managing partner Etienne Deshorme.