Tender offers plus staples remain challenging because if the price isn’t right, limited partners can simply choose not to sell.
3 min read · 16 February 2023
The LP portfolio sale was among a slew of such deals launched since last year that managed to close despite pricing uncertainty and hesitation among LPs to sell at discounts.
2 min read · 15 February 2023
Single-asset continuation funds comprised around 40% of GP-led secondaries volume in 2022, down from 52% the prior year, according to Lazard’s Secondary Market Report 2022.
4 min read · 14 February 2023
The firm has also made headway with fundraising for its latest secondaries programme, according to vice-chairman Erik Hirsch.
1 min read · 13 February 2023
Inventory flowing into the market is expected to drive volume beyond the estimated $103bn total for 2022.
3 min read · 07 February 2023
A Stafford Capital Partners-led consortium allowed the manager to do a ‘super-efficient’ exit for its greenfield fund.
4 min read · 06 February 2023
New equity and debt capital was raised on a GP-led structured secondaries deal for RFE Investment Partners’ asset ZRG in an Atlantic-Pacific Capital-advised deal.
2 min read · 02 February 2023
The mid-market sustainable infrastructure investor’s process around midstream infrastructure group Third Coast began with a first close on the CV in July.
2 min read · 30 January 2023
The deal is one of the higher profile GP-led secondaries to emerge from the slowdown in activity in the second half of 2022.
2 min read · 30 January 2023
Market professionals anticipate 2023 will be a record year as pent-up demand bursts through pricing hesitation and stored-up dry powder is unleashed.
3 min read · 23 January 2023
