Ts & Cs

Market participants from Evercore, Partners Group, Debevoise & Plimpton and Ropes & Gray share their perspectives on running a secondaries auction process that works smoothly for all parties.

Two European LPs have already defaulted on capital calls, and more are rumoured, creating a potential pool of early secondaries opportunities.

As AlpInvest Partners seeks $8bn for its latest secondaries programme, we look at the Carlyle Group subsidiary's performance so far.

The fees and carry of Lexington Capital Partners Fund IX were revealed in US pension documents.

Details of ASF VIII's carried interest, management fee and GP commitment were disclosed in a document seen by Secondaries Investor.

The LP-friendly limited partnership agreement is intended to cut down the need for negotiation and side letters when establishing a private equity fund.

Secondaries funds raised over the last five years used 19% of committed capital for repeat purchases, according to the advisor and placement agent.

The strategy has returned 15.5% since inception, as the pension fights pressure on returns by co-investing with its secondaries partners.

Simon Havers of executive search firm Odgers Berndtson details why carried interest allocation is not smooth sailing.

Record-high transaction volumes mean that under US tax laws some LP stake transfers will not be permitted until 2022, according to a report by intermediary NYPPEX.