The secondary market is now becoming well established. This represents a critical step in the evolution of the private equity market that will transform the way investors think about funds of funds, explains Benoit Verbrugghe, member of the executive committee and head of Ardian US.
3 min read · 07 June 2015
Environmental, social and governance issues increasingly prevent LPs from committing to a specific fund, but might they also cause an uptick in secondaries deal flow?
3 min read · 05 June 2015
Pricing in the secondary market has begun to plateau but remains strong, despite a declining Euro and volatile oil prices, according to Greenhill Cogent’s first quarter secondary briefing.
1 min read · 05 June 2015
The retirement system for the Big Apple is looking to use the secondaries market as a portfolio management tool.
2 min read · 04 June 2015
Ardian is hiring throughout the company, including in its fund of funds business. Its portfolio companies include US pet supply store giant PetSmart.
2 min read · 02 June 2015
With its recently launched matching engine for alternative investments, Tullett Prebon is hoping to facilitate transactions in the secondary market for sellers and buyers, says Suchita Nayar, head of alternative investment North America at Tullett Prebon Alternative Investments.
3 min read · 01 June 2015
The fund of funds invested in Nordic Capital Fund VII, Permira Europe III and Permira IV.
2 min read · 01 June 2015
Using leverage in private equity secondary transactions has its advantages but also raises issues around the form of security of such financings that both buyers and sellers should be aware of, explains Ted Craig, a partner with MJ Hudson in London.
5 min read · 31 May 2015
Phoenix Life Assurance, which sold the stake to Landmark, ceases to be an LP in the fund.
2 min read · 29 May 2015
Earlier this month an SEC official speaking at an industry conference signaled the US regulator’s interest in stapled secondary deals. Do they create situations where fiduciary duty may be skirted?
3 min read · 29 May 2015
