Muted M&A activity and liquidity demands are prompting more sponsors to consider moving assets into continuation funds, but successfully completing a GP-led deal is more easily said than done.
Appointing an internal team to oversee a GP-led deal, and working with advisory and legal partners early, can help smooth what can be a time- and resource-intensive process.
Advisories with secondaries capabilities are proving attractive targets in the race to offer clients a one-stop shop.
Speakers for a panel focused on continuation funds at the Private Funds CFO New York Forum discussed secondaries fundraising growth.
Research by the investment bank indicates that continuation vehicles can meaningfully outperform buyout funds on a median basis.
Adviser estimates put secondaries transaction volume at around $110bn, with GP-led processes accounting for roughly 45% of those transactions.
With some managers looking offshore, and a general election on the horizon, the UK mid-market is undergoing something of an evolution.
Korea Post hopes to commit $150m-$225m to private equity funds in the country.
CVC Capital partners scoops five awards, including, for the first time, lender of the year.
Blackstone picks up the award for large-cap firm of the year after reaching $1trn in AUM.