Editor Insights

Were you a lead buyer? There’s a document to prove that

The secondaries market is burgeoning with new entrants and LP interest. Buyers are clamouring for lead buyer status, but does it pay to be hyperbolic if there are contracts to back up the facts?

NAV loans discussions come to the fore

Fund finance is no stranger to the secondaries market, and recent developments suggest participants should keep an eye on how this market evolves.

Digging into UK pensions sales, a year on from the LDI crisis

British defined benefit pension schemes have been selling private markets exposure over the past year, though not under duress.

Awarding the firms at the forefront of secondaries innovation

Affiliate title Private Equity International is accepting submissions across 12 secondaries categories in the PEI Awards 2023.

Buying a primary player for a shot at GP-led secondaries

Secondaries is at the forefront of Patria’s plans following its acquisition of Abrdn’s European private equity business.

How the secondaries market can adapt: two GPs give their perspective

As more sponsors seek to run continuation vehicle transactions, two managers lay their cards on the table and discuss what improvements they would like to see from the market.

Wells Fargo’s $2bn SMA sale highlights an untapped part of the market

Separately managed accounts have unique characteristics that make secondaries trades trickier than those involving commingled funds.

Pollen Streel deal is latest example of buy-and-build continuation funds

Are you GP lacking follow-on capital for an add-on? A continuation fund could be right for you – so long as it’s done right.

Goldman’s infra raise is the hidden jewel in its $15bn haul

The firm’s $1bn haul for its first dedicated commingled vehicle for infrastructure secondaries this week couldn’t come at a more opportune time.

Did the SEC consider credit secondaries in its rulemaking?

Getting a fairness or valuation opinion on a private equity GP-led secondaries transaction is a straightforward, albeit costly task. In credit secondaries, however, the rule change creates a cumbersome burden.