Commentary

The UK’s proposed tax reform offers clarity to secondaries buyers

The new legislation will bring buyers’ offshore execution to an end, which under stamp duty came with its own grey areas in a digital age, Hogan Lovells Cadwalader’s Elliot Weston tells Secondaries Investor.

Secondaries builds the infrastructure

Blackstone Strategic Partners anchored EQT’s new AI Infrastructure Fund. Once again, secondaries has created a blueprint for loftier goals.

Ardian’s Mark Benedetti: Infra secondaries a mispricing bright spot within private markets

While more capital is entering infra secondaries, much of it is being deployed by relatively new entrants in a market characterised by variety, the Paris-headquartered asset manager’s co-CEO tells affiliate title PE Hub.

New and old faces

Hollyport Capital has chosen to remain independent, accepting the backing of Blue Owl in a move that reflects how the industry’s growth is likely to be fuelled.

Infra’s single assets: From liquidity tool to access strategy

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.

Behind GP-leds’ banner H1 figures

Market volatility only tells part of the story of the GP-led market’s domination in the first six months of the year, with fundraising and expansion into new asset classes also driving growth.

The shorter the hold, the higher the burden

Assessing a quick-flip continuation vehicle on the asset’s hold period alone is an imperfect metric.

How much is too much leverage in CVs?

While lenders and buyers have both grown more accepting of leverage use in continuation funds, divisions remain over when and how these tools should be used.

China’s performance paradox: The opportunities and risks for secondaries

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.

Real estate’s decisive adoption

The secondaries market is increasingly used to reconcile competing investor objectives with a broadening base of investors flocking to the asset class. These developments are permanent.