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Mega funds and Asia drive new restructurings

Panellists discuss the secondaries market at the BVCA Summit 2015.

The next restructurings will be in private equity mega-funds, as the market for non-traditional GP-led secondaries deals becomes more mainstream, Secondaries Investor reports.

“It will be one of the very large mega-funds choosing to do a transaction to tidy up a fund that’s seven to eight years old,” David Atterbury, managing partner at HarbourVest Partners, said at a panel discussion on secondaries at the British Private Equity and Venture Capital Association Summit 2015 in London last week.

“This will create further momentum for restructurings to become increasingly commonplace.”

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