Private Equity

Restructuring

Glendower leads $530m US GP-led

The Deutsche Bank spin-out has led a consortium comprising Blackstone, Hamilton Lane and GCM Grosvenor that backed a deal involving six of Argonne Capital's assets.

2 min read · 21 May 2018

Coller and Goldman confirm Nordic Capital GP-led close

The close of the deal comes six weeks after sister title Secondaries Investor reported the transaction was set to become the largest-ever GP-led restructuring.

2 min read · 19 April 2018

ICG seeking $1.6bn for end-of-life solutions

The firm's last dedicated secondaries fund, focused mainly on fund restructurings, closed in April 2017 on $1.1bn.

2 min read · 10 April 2018

Trends of the Year: blue-chip GP-led secondaries deals

A handful of big-name deals pushed GP-led processes into the mainstream in 2017, but questions around their planning and execution will dominate discourse going into 2018.

3 min read · 13 December 2017

Why the fund of funds model is still relevant

A revamped internal structure, new business lines and a focus on separate accounts have helped the firm thrive in a tough market for funds of funds, says head of secondaries Wouter Moerel.

5 min read · 23 November 2017

Fund restructuring without friction

Credit Suisse’s Jonathan Abecassis responds to PEI’s assessment of GP-led fund restructurings and the need for a genuine ‘do-nothing’ option for LPs.

3 min read · 02 November 2017

Fund restructuring: a source of friction

The fact that Apax Partners shelved plans for its GP-led secondaries process shows that LPs' desire a genuine 'do nothing' option.

3 min read · 19 October 2017

Nordic explores GP-led process on Fund VII – Exclusive

The potential deal involves the Scandinavian private equity firm's 2008-vintage fund which has around €2bn in NAV.

2 min read · 20 September 2017

Apax runs GP-led process on Fund VII – Exclusive

The UK's second-biggest private equity firm is working on a plan to roll over existing assets into a new 5-year vehicle, according to sister publication Secondaries Investor.

2 min read · 18 September 2017

Secondaries special: Evercore on rolling over assets

Nigel Dawn, from advisor Evercore, discusses some of the ways in which GPs can strategically access the secondaries market to actively manage their portfolio, accelerate liquidity for their investors while maximising the value of their portfolio companies.

5 min read · 07 September 2017

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