Qa

Sponsors are increasingly turning to GP-led deals to manage their portfolios and more capital is needed to meet growing demand, says Scott Humber at Landmark Partners, an Ares company, in this sponsored Q&A,

NAV finance has expanded substantially in the last few years, says 17Capital’s Augustin Duhamel in this sponsored Q&A.

The secondaries market offers significant opportunities, but in light of macro uncertainties, it is best to focus on being prepared rather than making predictions, says Pomona Capital’s Michael Granoff.

The secondaries market is growing significantly, driven in part by GP-led deals. Yet this is only the start of its transformation, say Evercore’s Lea Lazaric Calvert, Jasmine Hunet Lamourille and Francesca Paveri.

Buyers should beware of sponsors using the GP-led market to drive undeservedly favourable terms, said Pantheon secondaries co-head Rudy Scarpa.

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.

Tikehau Capital acquired Singapore secondaries firm Foundation Private Equity in July, having entered the credit secondaries market in 2019.

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

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.

Creating a culture where women feel valued is key to improving gender diversity in secondaries, says Akin Gump’s Mary Lavelle.