Secondaries

While tiered carry boosts pricing and alignment, ILPA urges caution

Variable profit-sharing structures are designed to foster alignment between sponsors and secondaries buyers – but an influential LP group says investors should be wary.

Longstanding Kline Hill partner departs

Jared Barlow joined the small deal-specialist at the time of its founding in 2015 and was responsible for firm and investment oversight alongside managing partner Mike Bego.

How family offices are dealing with zombie funds

Stonehage Fleming and GreenBear Group want ageing funds wound up quickly to avoid issues such as questions around valuations. The secondaries market is a viable resolution route.

Dawson brings in more than $800m for latest GP financing strategy

The structured solutions specialist has closed Dawson GP Finance 2 on its $750m hard-cap, surpassing its $500m target.

Palico reduces fees to 5bps for $50m-plus sales

The digital LP-led secondaries marketplace, which has facilitated smaller transactions since its founding, is seeking to attract larger sales, founder and CEO Antoine Dréan told Secondaries Investor.

Evercore builds out Europe-based credit secondaries team

The investment bank has hired four people, two of whom are coming from PJT, Secondaries Investor understands.

Healthcare-focused PE firm Linden mulls secondaries strategy

The Chicago-headquartered firm joins a growing number of buyout firms entering the secondaries market, and is the latest sector-specialist.

Jefferies brings on senior GP-led talent from Lazard

People moves within the secondaries advisory community have continued apace as firms jockey for competitive position.

New Mountain says sector focus gets it ‘ahead of processes’ to find opportunities

New Mountain Atlas is more than just the secondaries hires it has made, with the unit seeking to lead and co-lead GP-led buyout deals with the help of its sector teams, co-head Neal Costello tells Secondaries Investor.

University of California shops $3bn LP portfolio in major sale

The system’s process marks the latest instance it has sought liquidity in the secondaries market.