Buyouts staff

The LP/GP balancing act

LP sales made a comeback in the PE secondaries market last year, but GP-led sales continued their march to dominance, writes Keith Button.

Evercore: A booming LP secondaries market is poised for further growth

David Markson, a managing director with Evercore’s private capital advisory, explores the dynamics driving the strong LP secondaries market and how long they are likely to remain in play.

Fort Washington: A holistic approach to secondaries

It is important to be able to flex between traditional LP secondaries and GP-leds, say Fort Washington Capital Partners managing directors Rob Maeder and Steve Baker.

LGT Capital Partners: GP-leds continue to take off worldwide

With so many GP-led deals coming to market, activity drivers vary in key markets, but demand is struggling to keep up, say LGT Capital Partners’ partner and co-head of secondaries André Aubert and partners Andrew DiGeronimo and Brooke Zhou.

Download the June 2022 issue of Buyouts

In the magazine: Hard Knox - How Knox Lane launched a debut fund in the middle of a pandemic; Five predictions for the LP secondaries market; Where next for talent management in private equity; Plus much more…

Download Buyouts' Secondaries report 2022

In the magazine: Second chances - Finding value in the secondaries market; Finding talent in the secondaries market; Why LPs don’t like single-asset deals; Expert comment and analysis from industry leaders; Plus much more…

Ares Management: GP-led secondaries is a buyers market

While significant capital has been raised to pursue the flourishing GP-led secondaries opportunity, supply/demand fundamentals remain highly attractive, says Barry Miller, partner in the secondary solutions group at Ares Management.

Sixpoint Partners on the importance of maintaining balance in a growing market

Interest in GP-led transactions is surging, but investors should maintain a holistic view of the secondaries market, say Sixpoint Partners’ Shawn Schestag and Andrew Gulotta, partners in the firm’s secondaries advisory business.

Manulife on new tools for the private equity allocator

GP-led secondaries join direct investments, co-investments and fund commitments to gain differentiated exposure to the asset class, say Jeff Hammer and Paul Sanabria, global co-heads of secondaries at Manulife Investment Management.

The search for secondaries talent

Explosive growth has ignited a recruiting war among new and growing secondaries operations.