In this second part of a chapter from The Secondaries Market, Ropes & Gray’s Raj Marphatia and Frank Williams look at the types of representations and warranties, excluded obligations and indemnifications that may appear in Purchase and Sale Agreements.
10 min read · 23 March 2017
Limited partners which choose to roll over their stakes in the UK buyout firm’s sixth fund’s restructuring process were revealed in a UK regulatory filing.
2 min read · 22 March 2017
The firm will avoid leverage to fund deals and will instead use a credit facility of up to $360m for deals from its Global Secondary Fund 6, according to a memo revealing fund terms.
2 min read · 22 March 2017
The endowment had previously sold about $1.7bn in private equity fund stakes in an effort to cut down its number of manager relationships.
3 min read · 22 March 2017
The firm’s best performing secondaries vehicle by investment return is its 2000-vintage Lexington Capital Partners IV, documents from a US pension show.
2 min read · 21 March 2017
The investment firm’s performance fees were boosted by its 2007-vintage secondaries fund, from which it had sold a tail-end portfolio worth around €800m last year.
2 min read · 21 March 2017
Five observations on Canada’s largest private equity investor and its approach to the secondaries market.
3 min read · 17 March 2017
Investors in private real estate vehicles are engaging in secondaries as a way to managing their engagement with the asset class, delegates at the annual MIPIM conference were told.
2 min read · 17 March 2017
The Volcker Rule and other aspects of the Dodd-Frank Act will be scrapped if the bill is passed.
1 min read · 17 March 2017
Trevor Blake is the fourth person to leave the secondaries specialist in the past year.
1 min read · 16 March 2017
