As Ardian nears final close for its latest secondaries fund, we take a look at who’s backing its efforts and what that means for the wider industry.
2 min read · 18 December 2015
Secondaries advisors are increasingly incorporating fairness opinions into GP-led restructurings, giving LPs an independent perspective while providing insurance for fund managers. Overall, fairness opinions are seen as a step in the right direction toward better representation of LPs.
2 min read · 11 December 2015
If 2015 was the year of real estate secondaries, 2016 could be the year energy transactions come into their own.
2 min read · 04 December 2015
Co-investments can help a secondaries buyer bridge any financing gaps to purchase a large portfolio.
3 min read · 20 November 2015
New and existing secondaries firms are becoming more focused on particular niches, which is a boon for LPs wanting more specificity but also a sign that returns will be less uniform in the future.
2 min read · 13 November 2015
While most traditional secondaries market participants scoff at electronic exchanges’ impact on their strategies, some are engaging with them on behalf of their portfolio companies.
3 min read · 30 October 2015
The flow and pace of transactions this year is looking very different to previous years, reflecting several new dynamics in the secondaries market.
3 min read · 23 October 2015
There are many challenges to US pension plans becoming more active buyers in the secondaries market, but it’s the full pricing that’s really holding them back.
2 min read · 16 October 2015
Stapled deals and restructurings can fall through for many reasons, but it’s often related to pricing that’s too low and LPs who don’t feel the need to sell.
4 min read · 09 October 2015
Montana Capital was able to raise €400m in only 10 weeks as LPs are drawn to shorter-life funds.
3 min read · 02 October 2015
