Editor's View

Our in-house take on what news, trends and developments affecting the secondaries market means to its different participants. In these weekly commentaries we stir discussion and prompt debate as well as comment on issues important to market participants in a lively and thought-provoking way.

conference
The end of the rapid fundraising era, dealing with LP rejection and an overreliance on performance as a selling point were some of the themes that emerged in a jam-packed two days in New York.
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Managers that are willing to embrace nascent technologies, such as artificial intelligence, might be in a position to make smarter investment decisions and act more quickly.
Internet security
New SEC proposals on cybersecurity will mean private equity firms must improve how they address cyber-threats.
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A simultaneous numerator, denominator effect may leave some LPs significantly overallocated at a time when their GPs are asking for re-ups.
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Topics included shifting ESG priorities in the wake of Russia’s invasion of Ukraine and the importance of ensuring education keeps pace with retail participation in private equity.
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By making GP clawbacks gross of taxes, the new rules could lead to the resurgence of the archaic original American waterfall.
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The venture firm’s unusual fee structure is an example of why the SEC believes it needs to intervene to protect investors.
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Carlyle Group’s head of impact Megan Starr and Ukrainian private equity firm Horizon Capital deserve special mention in this year’s PEI Awards 2021.
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Growing numbers of GPs are looking at NAV loans as a tool to fund distributions and boost IRRs before returning to a red-hot market. They should think carefully first.
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Separately managed accounts could stand to win from the US regulator’s bid to promote transparency around preferential fund terms.
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