Nathan Brown
(Managing Director – Wind Point Partners)

Omar Hassan
Principal and CFO – Cloverlay

Heramb Ramachandran
(CFO – XPV Water Partners)

Brian Ramsay
(President – Littlejohn & Co)

Alex Slusky (Founder and CIO – Vector Capital)

Béla Szigethy
(Co-CEO – The Riverside Company)

Ted Virtue
(CEO – MidOcean Partners)

This article appears as part of sister title Private Fund CFOs‘ series View from the C-suite.

Are you launching a secondaries process to provide liquidity to investors?

Nathan Brown: We closed a secondaries process on a 2006 vintage fund last year. We had three portfolio companies remaining and had recently recruited new CEOs and developed a new value-creation plan at each company.

We were able to get an attractive offer from a new investor that ended up being a win-win-win-win solution for the original LPs, the new LP, the GP and the portfolio management teams. We don’t see a need to launch another process in the near future as we are seeing some early liquidity events on our more recent funds and hope to manage those to a 10-year life.

Béla Szigethy: We have provided investors in older funds some assistance in finding buyers for their positions. We would like to do more here, since investors in general are seeking liquidity more often.