Madeleine Farman
Madeleine Farman is a senior reporter for PEI Group’s Private Equity International and Secondaries Investor titles, based in London. Prior to joining PEI, she had covered private equity, private capital and advisers associated with the industry for other newsrooms and publications since 2016. Originally from New Zealand, Madeleine began her career in radio in Auckland.
PEI catches up with Johanna Barr, managing director and global co-head of LP services at Advent, to discuss building new relationships and the need for streamlined due diligence.
The new British PM’s pledges to commit to investment, growth and lowering taxes received applause from private equity sources we spoke to this week; dealing with the fallout of an economic downturn will be no small task.
According to Proskauer’s latest fundraising terms and trends report, the cost of raising a fund is increasing. There are a few culprits behind this pattern.
As an increasing number of sponsors turn to secondaries processes, doubts are being raised about the market’s building blocks. Just how aligned is the secondaries market today?
Conflicts of interest can arise within the LP base as LPACs act in their own interest, not in the interest of the fund.
For the GP, internal alignment is another opportunity to manage team dynamics. Third parties will want to see that the right people participate in the economics.
When dealing with waterfalls, there are tools that can be used to create economic alignment from the outset.
An incentivised management team is crucial to ensuring ultimate success in GP-led secondaries deals.
Finding the pricing sweet spot to satisfy sponsors, buyers and LPs is tougher than ever in today’s market.
Even amid today’s rocky macro environment, the industry’s biggest fundraisers continue to pull in more capital