A footnote in the US Securities and Exchange Commission’s new rules suggests continuation funds structured as cross fund trades won’t be subject to third-party fairness opinion and valuation letters.
3 min read · 31 August 2023
Single-asset deals priced at more than 9 percentage points higher than their multi-asset counterparts in the first half of this year.
2 min read · 30 August 2023
The financing tool sidesteps the bid-ask spread – an issue that can sometimes put potential secondaries sales on ice.
3 min read · 28 August 2023
The SEC’s vote this week that makes third-party opinions in continuation fund transactions mandatory was a practice that was already becoming a market norm.
3 min read · 24 August 2023
Guests from PEI Group’s 2023 list of influential women in alternatives including Evercore’s Lea Lazaric Calvert and Morningside’s Tori Buffery reflect on the past decade in private markets, and analyse the current challenges facing the industry.
1 min read · 24 August 2023
The survey, which compiled responses from 101 senior buyout, growth, private debt, VC, real estate and infrastructure executives globally, found that most GPs observed their LPs had interest in such options.
2 min read · 23 August 2023
At a recent event focused on ‘the future of venture secondaries’, GPs and LPs shared the reasons they are so keen on the space.
4 min read · 23 August 2023
Tail-end specialist Willowridge Partners closed its latest flagship, Amberbrook IX, on $900m earlier this month.
3 min read · 22 August 2023
The deal is said to be set to deliver a monster return to selling LPs.
3 min read · 21 August 2023
A focus on secondaries can deliver strong advantages for new open-end private equity funds, writes Nadim Vasanji, a managing director at Northleaf Capital Partners.
4 min read · 21 August 2023
