Legal & Regulation

Cliffwater CIO: Time to reconsider NAV ‘squeezing’ in secondaries

The asset manager’s investment chief cites ‘weird time arbitrage’ that the practice causes for evergreen investors who buy into vehicles at similar points.

Weil hires Next Gen Leaders alum as partner

The firm is continuing the expansion of its private funds group as demand for secondaries grows.

Hogan Lovells promotes two secondaries experts to partner

The law firm promoted 28 lawyers to partner and 53 to counsel across its global team.

Spotlight on LPACs in high-profile continuation vehicle spat

Do limited partner advisory committees have any relevance in a world where a sole LP wants to have its day in court?

Former Partners Group legal head joins London’s DMX

The hire comes as part of the law firm’s plans to expand its North American team.

Private shares exchanges won’t solve PE’s liquidity woes

Exchange platforms must contend with a multitude of alternative liquidity paths for holders of private company stakes.

Secondaries Investor Law Firm Survey 2025: Deal value rockets with record-breaking year

The ninth edition of our law firm survey shows top law firms advising on a collective $1.03tn of transaction volume, nearly $150bn greater than cumulative numbers seen last year.

Kirkland taps Debevoise and Weil for partner hires

The two New York-based partners’ clients include Brookfield Asset Management, Coller Capital, PSP and StepStone.

From highs to lows to opportunities

The secondaries market is shrouded in uncertainty after this week’s volatility. There are, however, reasons to remain upbeat over the longer term.

GPs discuss valuation challenges as regulatory scrutiny rises

With market watchdogs looking more closely at private asset pricing, affiliate title Private Equity International spoke to managers of semi-liquid funds about their valuation methods.