Restructurings can be an innovative way to offer liquidity to LPs seeking exits, according to Credit Suisse’s Mark McDonald.
2 min read · 07 September 2015
Fund restructurings have entered the mainstream, which means GPs need a better understanding of the legal and compliance risks involved in the strategy, write Gibson Dunn lawyers Candice Choh and Shawn Domzalski.
4 min read · 03 September 2015
The New York firm has restructured its third fund into a $1.5bn vehicle, offering the same terms to LPs that rolled over their interests. Recent acquisitions include children’s entertainment company Bendon.
2 min read · 10 August 2015
The Seattle-based firm noted in its Private Equity Outlook that a general increase in primary private equity investments at high valuations, followed by a market correction, could provide a favourable future entry point.
2 min read · 03 August 2015
The fund of funds giant has signed a deal to purchase a stake in Portobello Capital II through a new fund structure.
2 min read · 27 July 2015
Talking to market participants in Chicago this week, three clear themes emerged: buyers are becoming sellers, restructurings are here to stay and return expectation are way down.
3 min read · 24 July 2015
Despite the growing popularity of GP-led restructurings, they still represent only about 10 percent of the private equity secondaries market, Luca Salvato, investment partner at Coller Capital, said at a conference this week.
2 min read · 21 July 2015
Fund restructurings have become a common occurrence in the secondaries market. Jeff Hammer and Paul Sanabria, managing directors and co-heads of the illiquid financial assets practice at Houlihan Lokey, explain what makes a GP a good candidate for a fund restructuring and how to ensure that LPs are getting the best possible deal.
4 min read · 14 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
Almost 80% of LPs have taken part in one or more PE fund restructurings since the global financial crisis.
2 min read · 11 June 2015
