Declining multiples spell trouble for deals done in recent years, when valuations were at historic highs, said ex-Ardian secondaries head Vincent Gombault.
2 min read · 04 April 2022
Consistent market activity and deep domain expertise can help overcome the challenges associated with integrating continuation vehicles into a broader secondaries portfolio, says Partners Group’s Anthony Shontz.
7 min read · 28 March 2022
By making GP clawbacks gross of taxes, the new rules could lead to the resurgence of the archaic original American waterfall.
3 min read · 24 March 2022
A robust process is vital to any GP-led transaction, say Proskauer’s Howard Beber and Warren Allan in this sponsored Q&A.
7 min read · 23 March 2022
NAV finance has expanded substantially in the last few years, says 17Capital’s Augustin Duhamel in this sponsored Q&A.
7 min read · 21 February 2022
The proposals include the requirement to obtain a fairness opinion on the prices of secondaries transactions.
4 min read · 09 February 2022
Blackstone is on track to reach $20bn for its latest flagship secondaries fund, having nearly achieved its target in the space of a quarter.
2 min read · 27 January 2022
Large recapitalisations and a rebound in LP portfolio transactions drove real estate secondaries to the highest mark yet.
2 min read · 26 January 2022
While GP-led deals managed to retain their dominance over LP deals by a thin margin, both halves are poised for continued growth this year.
3 min read · 19 January 2022
