Leveraging a portfolio for liquidity can be similar to refinancing a property, but what effect does this have on the secondaries market?
3 min read · 19 February 2016
Secondaries firms are now broadening their view of leverage and considering its use to boost returns through dividend recaps and help minimise currency volatility.
3 min read · 26 October 2015
To maintain the best returns possible, and be able to complete some of the larger transactions taking place today, secondaries firms have been increasingly using leverage.
2 min read · 17 September 2015
While the secondaries market is providing a convenient avenue for limited partners to sell fund stakes and access to liquidity, alternatives such as preferred equity have become welcomed opportunities for LPs looking to preserve portfolio upside, explains Pierre-Antoine de Selancy, managing partner and co-founder of London-based 17Capital.
3 min read · 30 July 2015
The use of leverage has become a common occurrence in the secondaries market, but firms like Ardian are making sure they remain cautious when they use debt in a transaction.
1 min read · 29 July 2015
The alternative assets specialists has advised on more secondaries deals so far this year than all of 2014.
2 min read · 28 July 2015
Increased competition is prompting secondaries firms to find new ways to maintain returns, including using leverage and participating in restructurings, according to Sunaina Sinha from Cebile Capital.
2 min read · 10 July 2015
Whether for acquiring portfolios, ensuring the efficient use of investor equity, or for returning value to investors, secondaries participants are increasingly viewing debt as part of their strategic mix, explains Simon Hamilton, head of Investec Fund Finance.
5 min read · 24 June 2015
Using leverage in private equity secondary transactions has its advantages but also raises issues around the form of security of such financings that both buyers and sellers should be aware of, explains Ted Craig, a partner with MJ Hudson in London.
5 min read · 31 May 2015
Navigating full pricing, the rise of restructurings and the use of seller financing in today’s booming secondaries market were among the topics debated recently in New York at a PEI roundtable.
10 min read · 29 May 2015
