LP Sales

LPs look to blindpool fund side letters for more visibility on CVs: Morgan Lewis – updated

Some LPs are finding themselves as forced sellers in CVs because of the length of time given in election periods.

Secondaries becoming a fixture of managing capital for Partners Capital’s LP clients

Even though some return mechanisms secondaries buyers have historically looked to are less attractive in today’s market, the OCIO firm is encouraging its clients to participate in the growing secondaries market both as a buyer and to reshape its programmes as a seller.

LP activity intensifies in rush for liquidity

A distribution desert has led to a surge in first-time LP sellers, while a challenged fundraising market has heralded the return of the primary staple.

Bid-ask spread most contentious of secondaries’ challenges

Pricing remains the biggest source of friction in secondaries negotiations.

Lexington leads MetLife’s $1bn managed fund deal

The insurer worked with Evercore to shop a $1.8bn portfolio under the name Project Trident, Secondaries Investor has learned.

China’s Ping An Insurance explores circa $1bn portfolio sale

This is at least the sixth time the insurance giant has run a secondaries process.

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.

An evolution: LP and GP interest in structured and CFO technology is on the up

Temasek launched its first collateralised fund obligation in 2006. Two decades on, the technology continues to grab the interest of new and repeat institutions.

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.

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.