The best way to determine if net asset values reflect reality is to perform a fundamental valuation of each of the individual assets in GP-led process, writes Duff & Phelps’s David Lee.
4 min read · 14 January 2020
Many LPs are being called on to make significant decisions about whether to hold or sell positions in older funds. EisnerAmper’s Robert Mirsky discusses the potential for conflict
8 min read · 02 January 2020
Single-asset transactions, a growing part of the secondaries market, can offer unique benefits to all parties, write Evercore’s Nigel Dawn, Francesca Paveri and Dave El Helou.
6 min read · 24 September 2019
The little known ‘low-funded secondary’ can help GPs in the short and long term, writes Vintage’s Abe Finkelstein (pictured).
6 min read · 18 July 2019
The secondaries market’s transformation into a $70bn market is due to both a wave of the Fairy Godmother’s wand and the payoff for years of scrubbing floors, write Houlihan Lokey’s Jeff Hammer and Paul Sanabria.
4 min read · 12 June 2019
Disclosure, the role of the LPAC and status quo options may make some GP-led restructurings unaligned with the industry body’s guidelines, according to Cleary Gottlieb.
5 min read · 24 April 2019
On the heels of ILPA’s recent best practices on GP-led secondaries, BRG’s Finbarr O’Connor and Gavin Farrell take a practical look at issues important to LPs, and how GPs can address the guidance as they formulate transactions.
7 min read · 18 April 2019
Co-founder Agnès Nahum and partner Alexandre Delos discuss how the firm uses secondaries as a portfolio management tool and how fund duration and market cycles influence its decision to sell stakes.
4 min read · 15 April 2019
Tom Angell, partner at financial services firm WithumSmith+Brown, dissects the results of sister publication pfm’s Fees & Expenses Benchmarking Survey.
5 min read · 07 November 2018
