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The UK’s proposed tax reform offers clarity to secondaries buyers

The new legislation will bring buyers’ offshore execution to an end, which under stamp duty came with its own grey areas in a digital age, Hogan Lovells Cadwalader’s Elliot Weston tells Secondaries Investor.

Ardian’s Mark Benedetti: Infra secondaries a mispricing bright spot within private markets

While more capital is entering infra secondaries, much of it is being deployed by relatively new entrants in a market characterised by variety, the Paris-headquartered asset manager’s co-CEO tells affiliate title PE Hub.

Patria’s Knechtli: Secondaries dealflow continues to unlock as DPI issues persist

The firm’s focus on smaller-size secondaries has helped differentiate its latest secondaries fund – which recently closed on $677m ahead of its target – from peers, head of secondaries Patrick Knechtli told Secondaries Investor.

Pantheon’s Hassanally: Debut CFO unlocks secondaries for constricted investors

The manager’s $1bn CFO created access for insurance investors that had lost the ability to back PE, while offering a compelling capital raising strategy for the firm itself.

Schroders gets pickier on venture secondaries

Pricing on VC secondaries is less attractive now, says Schroders Capital venture chief Steven Yang.

‘GP-leds could outpace LP-leds’ – Monument’s Christine Patrinos

The placement agent’s co-lead for secondaries tells affiliate title Buyouts that she also expects more mid-market GPs to raise funds targeting investment in continuation vehicles.

Secondaries becoming an ‘all weather’ strategy – RCP Advisors

The small buyout specialist’s latest secondaries vehicle surpassed its $1bn target and will invest in both LP- and GP-leds.

Baird’s Duksin: 40 Act funds make up 15-20% of secondaries market demand

While ’40 Act funds haven’t yet moved market pricing in GP-led deals, these evergreen funds are ‘certainly are participating and creating syndicate demand’, Baird’s GP solutions group co-head Jeremy Duksin tells Secondaries Investor.

CVs to become ‘natural’ part of the toolkit for small- and mid-market GPs – Golding

GP-led deals will be a common staple within the small- and mid-cap markets, where there is more runway for company growth, head of secondaries Richard Wilmes told Secondaries Investor on the back of the firm’s over €510m raise.

Netley Capital’s Berendsen: From potential LP to tertiary player

A conversation with a secondaries player about an LP commitment sparked the former Cinven dealmaker’s idea to launch a tertiary platform.