Hannah Zhang

The appeal of securitisations

Florida State Board of Administration believes securitisations could be a better option than selling fund stakes if LPs must take massive discounts.

How to enter China's secondaries market

China’s booming LP-led market is offset by a nascent GP-led market and challenges unique to international investors.

MassPRIM reaps fee savings from $2bn co-invest programme

The $105bn system's co-investment programme now makes up just over 10% of its private equity portfolio.

BlackRock seeks around $5bn for second long-hold fund

The target amount sought for Long Term Private Capital II could change, Private Equity International understands.

What do LPs get out of selling on the secondaries market?

Despite a couple of pulled-transaction anomalies, secondaries sales are still seen as a powerful tool for rebalancing portfolios.

Opportunity for ‘significant’ LP selling activity in coming months – Jefferies

LP-led deals accounted for $40bn of the $68bn of global secondaries volume seen in H1 2024 as bid-ask spreads narrowed.

How much flexibility is too much in PE valuations?

A recent report shows GPs may have developed tricks to downplay the underperformance of some assets, resurrecting the question of how much wiggle room is needed in valuation processes.

GPs are more aggressive when valuing underperforming assets – Clipway report

Companies with lower earnings growth tend to have higher valuation multiples than their better-performing counterparts, according to a report published by Clipway.

Industry Ventures closes latest hybrid fund amid VC secondaries uptick

About 20% of Industry Ventures Partnership Holding VII will be dedicated to purchasing LP stakes in venture funds, says senior managing director Roland Reynolds.

CDPQ PE head: The worst thing for a pension is to miss a vintage

Martin Longchamps, head of private equity at the $319bn Canadian giant, talks to PEI about secondaries sales, overallocation and what steps the institution plans to take next.