Commentary

Venture with caution

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

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.

The secondaries market of tomorrow for infra investment

Mark Benedetti and Vladimir Colas, the co-heads of Ardian US, explain what is fuelling the surge of interest in infrastructure secondaries.

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.

Investec: How covid has changed the secondaries industry

The rise of GP-led secondaries is raising interesting questions about the level of returns LPs should be expecting, say Investec Fund Solutions’ Ian Wiese and Michael Zornitta.

Duff & Phelps on a historic year of change for secondaries

Last year’s transformative year is creating many market opportunities, according to executives from the advisory firm in this sponsored Q&A.

Notes before the end of year deal-making onslaught

The normalisation of continuation funds, the pervasiveness of secondaries technology and the opportunity for retail capital are three areas that have caught our attention in recent weeks.

In conversation with Dechert’s Michael Wong

The Hong Kong-based partner reflects on how debt secondaries are maturing in Asia-Pacific and his role in Ping An and Coller Capital’s recent credit secondaries deal.

Ares is vindicated if Landmark hits its $3.5bn fundraising target

A successful fundraising by the secondaries business would help to prove investors are not concerned about a conflict of interest.