Interview

There are many ways in which a GP staking firm can help sponsors punch above their weight, say DC Advisory’s Donato de Donato, Hal Ritch and Jacob Berman.

The growth of the GP stakes market is bringing greater optionality and greater need for flexibility when negotiating terms, say Simpson Thacher & Bartlett’s Chris Evans and Lawrence Natke.

'It's been a tough four years for private equity... and it's why DPI is IRR today – not the new IRR – it is IRR today,' Matthew Roche, partner with StepStone Group said.

LPs are taking an increasingly proactive approach to the secondaries market, while CVs will represent 10-20% of PE exits, managing partner Yann Robard said at NEXUS 2026.

Secondaries technology is increasingly proving its worth as a multi-faceted tool for GPs and LPs, says Churchill Asset Management’s head of secondaries, Nick Lawler.

As the universe of sponsors considering a continuation vehicle transaction expands, so too does the depth of opportunities in the small and mid-cap market, say Pantheon’s Amyn Hassanally and Charlotte Morris.

It is vital that secondaries buyers fully underwrite both the sponsor and the asset when evaluating a continuation vehicle opportunity, says QIC partner Zach Jackson.

GPs and LPs are bringing larger trophy assets and portfolios to market. As deals and volumes get bigger, alignment and investment discipline are becoming ever more important, says Thomas Roche Toussaint at UBS.