PEI’s annual investor survey indicates that LPs aren’t rushing to exit every deal, but they do expect third-party valuations.
3 min read · 13 March 2023
Secondaries investors can find unparalleled alignment in GP-led transactions with lower mid-market managers, says Christiaan van der Kam, head of secondaries at Schroders Capital.
7 min read · 13 March 2023
As GP-led deals have evolved, so too have the terms designed to create alignment of interest between all parties, say Proskauer’s Jordan Hurwitz and Natalie Scott.
7 min read · 13 March 2023
More opportunities are opening up for buyers as GPs turn to the secondaries market for capital, but they must be selective if they are to achieve strong risk-adjusted returns, says Nate Walton at Ares.
5 min read · 13 March 2023
The parties that bear the costs can vary according to the structure of the deal.
3 min read · 13 March 2023
Access to trophy assets through transparent processes will underpin GP-led growth, say Evercore’s Alex Longden and Fred Stonell.
7 min read · 13 March 2023
Transparency is key to managing conflicts and enabling alignment of interest.
2 min read · 13 March 2023
Conditions are favourable for deal-by-deal transactions, adding to the growing ocean of manager types in an already competitive market.
3 min read · 13 March 2023
Clear transaction rationale, defendable valuation positioning and a strong show of conviction from sponsors is helping buyers to get comfortable with continuation fund deals in a tough macro environment, says Matt Wesley at Jefferies.
7 min read · 13 March 2023
