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
The need for founder and employee liquidity in small, pre-IPO companies has fuelled specialist secondaries activity since the dotcom-days. But as the market shifts towards employee liquidity programmes, regulators are keen to establish a ‘fair, liquid and transparent’ market.
3 min read · 13 March 2015
