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“Fund managers are becoming increasingly sophisticated users of GP capital, whether it’s preferred equity or debt,” said Tom Glover, BC Partners operating advisor.

Four executives from LGT Capital Partners speak to Secondaries Investor about its recent $6bn raise for LP stakes and concentrated deals.

Olga Kosters of Tikehau Capital sheds light on how the private debt market is evolving in this sponsored Q&A with affiliate title Private Debt Investor.

Steve Lessar, Veena Isaac and Konnin Tam speak to Secondaries Investor about how the asset management giant plans to deploy the $3bn it raised for its secondaries programme in March.

Secondaries managers will excel if they remain focused on key market fundamentals while continuously adapting, says Pomona Capital’s Michael Granoff.

Tan Pawar and Harry Leitch from global specialist broker BMS discuss the rise of warranty and indemnity insurance in single-asset and concentrated GP-led deals and how it’s being used.

A clear rationale and early engagement with LPs can help overcome the complexities involved in GP-leds, say Akin Gump Strauss Hauer & Feld partners Aleks Bakic, Fadi Samman and Daniel Quinn.

The traditional 10-year fund life hasn’t changed but GPs want to hold assets for longer. That’s where secondaries come in, says the firm’s Barry Miller.

There is an art to managing the contrasting cashflow profiles of traditional LP and GP-led secondaries, says Charles Smith, chief investment officer and managing partner at secondaries firm Glendower Capital.

GPs are no longer spectators in secondaries transactions, which provides opportunities for investors, says Christiaan van der Kam, head of secondaries at the firm.