Editor Insights

Kirkland & Ellis advisory panel – key takeaways

Five advisory heavyweights discussed the state of the secondaries market at an event held by the law firm this month in New York. Here’s what they said.

It’s the secondaries industry’s time to shine

Let us know your highlights from the past year in what will be the 20th year of affiliate title Private Equity International’s PEI Awards.

Franklin Templeton buy shows secondaries is an efficient way to build alternatives exposure

In one swoop, the asset management giant has added $34bn of fee-bearing alternatives AUM.

LP deals are reclaiming the secondaries throne

GP-led deals accounted for a majority of transaction volumes in the first half – don’t bank on a repeat.

The mid-market is about to get a lot more crowded

Mid-market secondaries funds have seen an increase in inflows during 2021 after the big players staked out the battleground last year.

Venture with caution

The VC secondaries market is booming but buyers should beware entering a booming market at a time of sweeping change.

Double-down funds: GP-leds without the secondaries

Double-down funds don’t pose an immediate threat to the continuation fund market, but they are a reminder of the need for secondaries funds to justify their fees.

Why changes to taxing carried interest won’t kill the continuation fund market

Regulatory proposals in the US should, if enacted, strengthen the continuation fund industry.

The secondaries industry needs more standardisation

Ensuring we’re all counting apples with apples will be crucial to taking the secondaries market to its next stage of evolution.

Brookfield’s EnLink deal is further evidence the definitions of secondaries are expanding

The firm’s $841m acquisition of preferred equity stock in a midstream natural gas company shows infrastructure deals come in all shapes and sizes.