Guest Commentary

Beyond CVs: The rise of direct secondaries

While continuation vehicles may not always be the optimal solution for sponsors and LPs, other attractive liquidity solutions are gaining in popularity, writes Todd Miller, partner at W Capital Partners.

What’s driving the rise in private credit CVs?

While continuation funds offer a solve for managing complexities in private credit, managers must be mindful of the challenges.

Six CV missteps and how to avoid them

There are parallels between today’s secondaries market and the M&A market at large, writes Jonathan Graham, Lincoln International’s head of private funds advisory Europe.

AXA on the tailwinds and headwinds affecting infrastructure secondaries

Infrastructure secondaries will benefit from the same drivers of turnover as the private equity market, write AXA IM Prime’s Jean-Pascal Asseman and Faraz Qureshi.

Four criteria for start-ups and VC investors when evaluating secondaries options 

Secondaries options can provide immediate compensation for start-up employees, boosting motivation, enticing future hires and restoring team momentum, writes Nate Leung from Sapphire Partners.

Jeremy Coller: We’re approaching secondaries’ finest hour

Helping to close the liquidity gap will create a boom for both the secondaries and primary markets, writes Coller Capital’s founder and chief investment officer.

What makes real estate continuation vehicles different?

Stephenson Harwood’s Gabriel Boghossian and Sarah de Ste Croix outline four main ways continuation funds in the real estate sector differ from their private equity cousins.

Five recent trends impacting continuation fund SPAs

Lawyers from Skadden, Arps examine how sale and purchase agreements have evolved to better fit sponsor-initiated processes.

Five pitfalls to avoid in W&I insurance on continuation vehicle deals

Andrew Gofton-Salmond, UK head of W&I at Mosaic Insurance, and Gabriel Boghossian, head of secondaries at Stephenson Harwood, explore the growing use of W&I insurance as a way of de-risking GP-led secondaries transactions and highlight some pitfalls to avoid.

Secondaries transactions are transforming the real estate market

The secondaries market is not just expanding, it’s also changing the entire real estate market, explains Kilian Toms, managing director, real estate partners strategy, at CBRE Investment Management.