Secondaries

PEI’s editorial team tackled the climate crisis, racial inequality, tax avoidance and everything in between this year.

Hellman & Friedman’s process, along with others like Clearlake Capital’s single-asset secondary deal to move Ivanti out of an older fund, is a sign that the most high-profile GPs are comfortable using the secondary market to preserve ownership of older assets.

PEI Media’s Spotlight podcast was downloaded more than 56,000 times this year, with discussions ranging from the pandemic to diversity to when and how to build an in-house IR team.

The Denver-based firm also ran a single-asset process on a healthcare asset last year, which got a lot of attention from the market.

This so-called 'status quo' option has gone a long way in helping get LPs comfortable with GP-led liquidity processes.

From best practices for leaving your existing firm to top tips on how to approach LPs, Carlo Pirzio-Biroli, managing partner of Glendower Capital, shares his thoughts in this 17-minute podcast.

The firm is one of several high-profile GPs using the secondaries market to move assets out of older funds for more time to manage them.

Summit is running a secondaries process to move around 23 assets out of several older funds and into a continuation pool.

Summit is among several high-profile private equity firms using the secondaries market to sort out older funds in what has become an increasingly in-demand side of the market.

TPG hired Michael Woolhouse in July to create and lead a secondaries platform pursuing deals in Europe and the US