LPs can find the options are limited when a fund manager restructures the leftover assets in a fund nearing the end of its life.
6 min read · 16 May 2019
The secondaries firm is in pole position to back a GP-led process on Vitruvian Partners’ 2007-vintage fund, which has around €850m in remaining NAV.
2 min read · 15 May 2019
In part 2 of sister title Private Equity International’s secondaries roundtable, participants discuss fundless sponsor restructurings, single asset deals and how to find the upside of a market downturn.
5 min read · 09 May 2019
The appointment is the firm’s second this year and brings its total staff to seven.
1 min read · 08 May 2019
The firm has backed a deal in which the Chinese insurance giant used infrastructure fund stakes as seed assets to launch a fund of funds and co-investment strategy.
3 min read · 30 April 2019
Disclosure, the role of the LPAC and status quo options may make some GP-led restructurings unaligned with the industry body’s guidelines, according to Cleary Gottlieb.
5 min read · 24 April 2019
On the heels of ILPA’s recent best practices on GP-led secondaries, BRG’s Finbarr O’Connor and Gavin Farrell take a practical look at issues important to LPs, and how GPs can address the guidance as they formulate transactions.
7 min read · 18 April 2019
The Asia specialist is seeking $850m for direct secondaries and sponsor-led deals, which account for a growing proportion of its investments.
2 min read · 16 April 2019
The Institutional Limited Partners Association’s guidance defines status quo options, minimum timeframes for LP decisions and recommends caps on deal expenses.
4 min read · 11 April 2019
