Guest Writer

The single-asset secondaries market within infrastructure is blooming. However, discipline, alignment and entry valuations remain critical to ensuring buyers bag a good deal, writes Stafford's William Greene.

The RMB secondaries market has concluded its first full cycle. While there are opportunities to be had, there are risks to be overcome to ensure sought-after returns, writes Nebula Advisors’ Stanley Geng.

As refinancing pressures mount and exits remain elusive, real estate investors are turning to recapitalisations to unlock liquidity and extend hold periods in a challenging market, writes Giovanni Legorano.

The real challenge appears operational rather than structural from a geographical standpoint, writes Winston & Strawn’s Yulia Makarova.

Critics argue CVs entrench managers or delay inevitable exits. However, structured with transparency and fairness, these funds align interests rather than obscure them, writes AEA Investors' and Painswick Capital's John Garcia.

Holding on to laggard assets may conflict with the core objective of PE: maximising time-weighted returns for LPs, writes Adam Spence, of Partners Capital.

Sovereign funds and insurers are using third-time-round fund stake transactions as part of their portfolio management processes, write Caspar Berendsen, Álvaro Rosado and Robert Perry.

LPs have started raising concerns about their GPs’ value creation plans for those portfolio companies sitting within older funds, writes Giovanni Legorano. So, are long-held assets receiving enough TLC?

By appealing to retail and large institutional investors, mega-managers may end up with the lion’s share of capital, with implications for themselves and their investors, writes Cambridge Associates’ Andrea Auerbach.

The growth and adoption of mid-hold equity is expanding the capital market toolkits of GPs and providing an alternative to single-asset CVs when an extended investment runway for portfolio company growth is the primary goal, write Audax's Kumber Husain and Daniel Green.