Ts & Cs

This so-called 'status quo' option has gone a long way in helping get LPs comfortable with GP-led liquidity processes.

The number of funds coming to market openly offering discounts for early-bird commitments or big ticket sizes is dropping, according to research seen by sister title Private Equity International.

The rise of GP-led deals has highlighted the importance of liability protection, bringing warranty & indemnity insurance into the secondary market, say insurance broker Lockton and law firm Akin Gump.

The secondaries market is more seller-friendly than ever, allowing sponsors to push terms that surprise even seasoned pros. This is unlikely to last.

Strong buyer demand is allowing some GPs to drive better terms for themselves on manager-led deals, according to panellists at PEI's Women in Private Equity Forum.

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.