PEI’s annual investor survey indicates that LPs aren’t rushing to exit every deal, but they do expect third-party valuations.
3 min read · 13 March 2023
The parties that bear the costs can vary according to the structure of the deal.
3 min read · 13 March 2023
Transparency is key to managing conflicts and enabling alignment of interest.
2 min read · 13 March 2023
An auction process is the most common means of price setting, but there are exceptions.
2 min read · 13 March 2023
GP-led processes overtook traditional LP deals as a proportion of secondaries volume in 2020, and now account for around half of transaction volume.
2 min read · 13 March 2023
LP capacity constraints and macro challenges made a sizeable dent in capital raising last year, but secondaries funds still managed to exceed 2018 and 2019’s total hauls.
1 min read · 13 March 2023
As some GPs attempt to codify the removal of LPAC review and consent for continuation vehicles, they will face a ream of objections among investors.
8 min read · 13 March 2023
There is misalignment between investors and GPs on the topics of obstacles, red flags and expectations, a Capstone survey finds.
2 min read · 13 March 2023
Three of the young professionals from our list of up-and-coming secondaries leaders give their take on the GP-led market.
4 min read · 13 March 2023
Continuation funds have become a more common exit route, enabling sponsors to hold onto their star assets for longer.
3 min read · 13 March 2023
