GP-Leds

As some GPs attempt to codify the removal of LPAC review and consent for continuation vehicles, they will face a ream of objections among investors.

Proactively tracking assets across global themes can provide an early edge in continuation fund opportunities, say Partners Group’s Anthony Shontz and Roy Baumann.

A fairness opinion from an independent provider will offer greater assurance to all parties in a GP-led deal, say Stout’s Kim Randolph and TJ Hope.

Macro conditions are prompting a broader array of financing mechanisms in GP-led deals, which could help catalyse greater market adoption, say Investec’s Stuart Ingledew and Sharon Thandi.

There is misalignment between investors and GPs on the topics of obstacles, red flags and expectations, a Capstone survey finds.

Increasing specialisation in the GP-led secondaries market is bringing evolving opportunities for investors, say Pantheon’s Amyn Hassanally and Charlotte Morris.

Deal volumes are likely to pick up through 2023 as pricing uncertainty dissipates, says Jonathan Abecassis at Credit Suisse.

Three of the young professionals from our list of up-and-coming secondaries leaders give their take on the GP-led market.

Continuation funds have become a more common exit route, enabling sponsors to hold onto their star assets for longer.

Availability of capital is the main challenge holding back explosive growth in the GP-led secondaries market, say PJT Partners’ Dayan Abeyaratne, Brian Levine and David Perdue