Editor Insights

Secondaries’ next talent challenge

Retaining talent and maintaining the industry’s culture will be one of the secondaries market’s biggest long-term challenges.

The rise of the DIY CV

All players – GPs and LPs – are getting more sophisticated in the CV world, and the processes around these deals will continue to evolve.

To be continued…

While a rarity, managers are considering continuation funds on continuation funds, market sources tell Secondaries Investor. Could this become more commonplace across the longer term?

The Secondaries Investor Awards are coming!

Secondaries Investor is delighted to announce that all secondaries-focused categories from the PEI Awards will now stand on their own.

What happens when ESOPs meet continuation funds?

The treatment of co-investments in continuation vehicles could provide guidance on how things may play out when PE-backed portfolio companies with a broad-based employee stock ownership plan are rolled into a CV.

Chasing discounts or quality?

Two buyers outlined their approach to securing what they hope will be the best returns for LP-led transactions at a secondaries conference this week.

Second Thoughts… let’s make this more regular

Your secondaries podcast fix is now available as a standalone channel with fresh episodes available every fortnight.

LPs view single-asset continuation fund risk just like co-investments

When a CV asset goes bankrupt, if the restructuring plan calls for equity to be wiped out to make sure creditors are repaid, that includes CV investors and rolling LPs.

When continuation fund assets go bankrupt

As the continuation fund market evolves and expands, it is inevitable that some of the assets would fall into bankruptcy.

‘Private IPOs’ – one step behind continuation funds with a similar trajectory

While market participants disagree with its branding, exercises to rejig the underlying shareholder base of companies to provide liquidity are underway