Editor Insights

Five forces shaping the fund finance market

And why your next subscription credit facility will be more expensive.

Dyal’s $1bn securitisation shows cash is king – updated

The Neuberger Berman unit’s management-fees securitisation this week shows GPs are coming up with novel ways to give liquidity.

Where are all the women in secondaries?

We’re extending the deadline for submissions to our Young Guns of Secondaries list this year by one week – but only for non-male candidates.

Market participants take stock during the covid-19 pause

Here’s a taste of what senior market professionals had to say about the state of the secondaries market in sister publication PEI’s recent roundtable.

Fighting racism is on the private markets agenda; let’s keep it there

The leaders of some of the most prominent firms have spoken out about discrimination.

So you’re thinking of launching a secondaries business?

The barriers to entry for asset managers keen to get a slice of the pie are higher than they may seem.

Will small buyers be the big winners in today’s market?

Less competition and a likely increase in the number of smaller forced sellers could make 2020 a good vintage for niche players.

The case for GP-leds versus preferred equity

The secondaries market offers various tools sponsors can use, regardless of the lack of visibility caused by the covid-19 crisis.

Time of reckoning

Secondaries market leverage use is facing its first real test. Whether it passes will have implications for the future health and reputation of the industry.

The man who spawned an $88bn industry

Dayton Carr, who executed the first ever secondaries deal in 1979, remained focused on returns for his investors until the end.