Sponsored

Availability of capital is the main challenge holding back explosive growth in the GP-led secondaries market, say PJT Partners’ Dayan Abeyaratne, Brian Levine and David Perdue

Today’s secondaries technology can provide flexible solutions for GPs and LPs during times of market turmoil, say Mary Lavelle, Daniel Quinn and Fadi Samman at Akin Gump Strauss Hauer & Feld.

Times of uncertainty offer the buyside a window of opportunity, while sellers can benefit from liquidity, says Miguel Zurita, a managing partner at AltamarCAM Partners.

As GP-led deals have evolved, so too have the terms designed to create alignment of interest between all parties, say Proskauer’s Jordan Hurwitz and Natalie Scott.

The private equity industry should look to the mid-market for attractive deal opportunities in South Korea, say UCK Partners’ Soomin Kim, Sunwha Shin and Seungwoong Gwak

Scaled co-investment platforms receive most of their opportunities at the front end of a GP’s investment process, say Churchill’s Jason Strife and Anne Philpott.

Increasing specialisation in the GP-led secondaries market is bringing evolving opportunities for investors, say Pantheon’s Amyn Hassanally and Charlotte Morris.

The mid-market will be the most likely source of co-investment deal activity this year, say Ben Hur and Adam Clemens of Portfolio Advisors.

Deal volumes are likely to pick up through 2023 as pricing uncertainty dissipates, says Jonathan Abecassis at Credit Suisse.

The growth of GP-led secondaries represents a long-term, structural change within private equity, write Paul Sanabria and Jeff Hammer, global co-heads of secondaries at Manulife Investment Management.