Using leverage in private equity secondary transactions has its advantages but also raises issues around the form of security of such financings that both buyers and sellers should be aware of, explains Ted Craig, a partner with MJ Hudson in London.
5 min read · 31 May 2015
Earlier this month an SEC official speaking at an industry conference signaled the US regulator’s interest in stapled secondary deals. Do they create situations where fiduciary duty may be skirted?
3 min read · 29 May 2015
Navigating full pricing, the rise of restructurings and the use of seller financing in today’s booming secondaries market were among the topics debated recently in New York at a PEI roundtable.
10 min read · 29 May 2015
Most of the secondaries opportunities in Israel are in venture funds that have invested in hard core technology assets, but evaluating the underlying portfolio companies is a challenge for most buyers, says Alan Feld, co-founder and managing partner of Vintage Investment Partners.
5 min read · 01 May 2015
Historic infrastructure performance suggests now is the time for increased infrastructure secondaries opportunities in Canada, writes Nigel Brindley, co-founder of investment advisory firm Stratus Infrastructure.
8 min read · 27 April 2015
CBRE is readying for an increase in one-off transactions that take advantage of immediate pricing opportunities, says senior managing director Philip Barker.
5 min read · 24 April 2015
The Swiss asset manager has seen a lot of tail-end fund interests come to market, but they are often much lower in quality than what the firm is looking for, said head of secondaries Nico Taverna.
3 min read · 13 April 2015
We recently caught up with HarbourVest on why and how it will begin offering secondaries exposure to retail investors.
2 min read · 10 April 2015
Ed Gander (pictured), London-based co-head of the global private fund group at Weil, Gotshal & Manges, and associate James Bromley explain their take on the difference between a fund restructuring and recapitalisation.
3 min read · 27 March 2015
Repairing pre-crisis partnerships is a $100bn market, but the technical challenges are considerable and best practice remains a work-in-progress.
3 min read · 20 March 2015
