Secondaries is at the forefront of Patria’s plans following its acquisition of Abrdn’s European private equity business.
2 min read · 19 October 2023
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.
3 min read · 12 October 2023
Separately managed accounts have unique characteristics that make secondaries trades trickier than those involving commingled funds.
2 min read · 05 October 2023
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.
3 min read · 28 September 2023
The firm’s $1bn haul for its first dedicated commingled vehicle for infrastructure secondaries this week couldn’t come at a more opportune time.
2 min read · 21 September 2023
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.
3 min read · 14 September 2023
The use of deferred payments is increasing as sellers and buyers seek mutually beneficial ways to bridge deals.
3 min read · 07 September 2023
Rather than wait out overallocation, LPs have headed to the secondaries market to continue their investments into private assets. The opportunities, however, far outstrip demand.
3 min read · 01 September 2023
The SEC’s vote this week that makes third-party opinions in continuation fund transactions mandatory was a practice that was already becoming a market norm.
3 min read · 24 August 2023
There were 15 $1bn-plus LP-led portfolios brought to market in the first half of 2023, and market participants anticipate more LPs will follow suit. How many transactions will get over the line?
3 min read · 17 August 2023
