Editor Insights

The rise of LP continuation fund investors

While there is certainly a host of alignment issues LPs would like to see resolved, a number of investors have adjusted their policies to invest in continuation vehicles.

The need for standardisation in secondaries rears its head…again

Eye-watering legal charges have been likened to ‘racketeering’; industry co-operation could solve the problem.

Will the ‘nice guy’ era of secondaries one day come to an end?

A recent GP-led process that came across our desks suggests the collaborative nature of the secondaries market is alive and kicking – for now.

What do LPs get out of selling on the secondaries market?

Despite a couple of pulled-transaction anomalies, secondaries sales are still seen as a powerful tool for rebalancing portfolios.

What does and doesn’t fall into the definition of a secondaries deal?

The inclusion of adjacent strategies such as GP stakes and portfolio financing in volume reports shows how what matters to secondaries market participants is evolving.

The growth trajectory of venture secondaries

Evercore’s latest Secondaries Market Review paints a reassuring picture for the multiple new entrants to the venture secondaries market.

Secondaries’ latest record: set to last?

While it’s easy to point to liquidity constraints as an anomaly, the market believes secondaries’ record-breaking streak should continue.

Cliffwater’s move reflects the buyside’s growing semi-liquid shift

There’s a new type of entrant to the secondaries buyside, and it’s not your typical buyout-come-secondaries firm.

Venture secondaries 101

The venture secondaries market is taking off, yet many GPs and LPs are still unfamiliar with how such transactions work.

LPs’ views will shape the future of the continuation fund market

The sponsor-initiated secondaries market will hit a stumbling block if incumbent LPs’ needs and wishes aren’t prioritised over those of incoming ones.