The vast majority of deals from Israel Secondary Fund III, which is more than triple the size of its predecessor, are expected to be direct secondaries and GP-leds.
2 min read · 07 July 2022
Some large processes are hitting delays as pricing is shifting in the changing markets, and building large enough syndicates for mega-deals has become challenging.
3 min read · 30 June 2022
Sponsors or GP-led secondaries processes should take care in the language they use to explain why they want to hold an asset for longer, writes Thiha Tun, a partner at Dechert.
4 min read · 29 June 2022
What was an exception is now mainstream, with buyers using leverage as bridging finance and to boost returns, according to Investec.
2 min read · 28 June 2022
The booming secondaries market is reflected in this year’s survey, with several respondents closing on twice the deal volume recorded in pandemic-hit 2020.
8 min read · 27 June 2022
The transaction involves the asset manager and other institutional investors acquiring a structured minority interest in a portfolio of assets as part of the UBS-advised deal.
3 min read · 23 June 2022
The deal is among a handful of GP-led secondaries processes that have moved through the market, which has become more challenging because of pricing uncertainty.
3 min read · 21 June 2022
The $59.4bn Swedish insurer doesn’t want to support a phenomenon where a ‘big chunk of money’ is left on the table for LPs that is then handed over to another party.
2 min read · 20 June 2022
A market downturn, diverging views on valuations and ‘risk off’ attitudes are causing many GP-led deals to be repriced.
3 min read · 16 June 2022
