As more sponsors eye GP-led processes, we explore what’s needed to get continuation fund transactions over the line in an increasingly competitive landscape. The report also delves into shifting market dynamics, including the impact of record-breaking secondaries fundraising, growing interest for GP-led deals with strong ESG credentials, and industry consolidation.
As the GP-led secondaries market matures, this report explores the rise of dedicated funds and specialist strategies, as well as the evolution of terms and deal types. Plus, we answer the key questions LPs and GPs might have about GP-led transactions, from timelines and costs through to due diligence and status quo options.
The GP-led market continues to hit new heights as an increasing number of sponsors look to the secondaries market to hold on to their prized assets for longer. In this special report, we examine what market growth means for secondaries buyers, sponsors and LPs, and explore how evolving pricing and deal dynamics, as well as regulatory attention, could impact GP-led transactions going forward.
GP-led activity rocketed in the second half of 2020, capturing a record share of secondaries deal volume. Momentum continues to build around transactions involving single or concentrated high-quality assets and a number of new entrants have burst onto the GP-led scene. PEI’s special report looks at what’s driving this growth, the challenges that may arise as the market expands, and what’s next for sponsor-led secondaries.
The fast-growing sub-sector of the secondaries industry continues to adapt and evolve. Private Equity International covers the threats to the sector, how to handle a portfolio company’s management team and common hazards. It also looks at how ILPA’s guidance has worked in practice.
Click here to access Private Equity International’s in-depth special reports covering a wide array of topics, plus our digital magazines.
Copyright PEI Media
Not for publication, email or dissemination
