As the market evolves, the lines between direct secondaries and secondary buyouts are becoming increasingly blurred, writes Rede Partners’ head of secondaries Yaron Zafir.
4 min read · 01 November 2018
As stapled deals evolve to take all shapes and sizes, GPs and their advisors must continue to disclose their effect on pricing to LPs.
2 min read · 25 October 2018
The increasing acceptance of GP-led deals has opened up opportunities in the smaller end of the market, but unique challenges arise when dealing with smaller funds.
2 min read · 18 October 2018
Lumpiness, rather than sentiment, is why secondaries fundraising is down.
2 min read · 11 October 2018
In the wake of former head Larry Thuet’s retirement, Jonathan Costello talks to Secondaries Investor about growth plans for the firm, single asset restructurings and securitisations.
4 min read · 10 October 2018
Stafford’s successful takeover of a $259m timber fund suggests most investors value a guaranteed exit today more than higher promised gains tomorrow.
3 min read · 05 October 2018
At a secondaries-themed breakfast we found that, unlike the pastries, changes to US tax rules are not going down well.
2 min read · 04 October 2018
Northleaf Capital Partners’ latest fund is more than three times larger than its predecessor. Managing director Michael Flood discusses how the firm plans to deploy the vehicle and the additional $500m it amassed in SMAs.
4 min read · 03 October 2018
For all the debate it provokes, the conventional hurdle rate has remained stubbornly untouched since the ’80s.
3 min read · 28 September 2018
In the current late cycle pricing environment, secondaries buyers need to play to their strengths, according to managing director Tristram Perkins.
5 min read · 26 September 2018
