Private Equity
GP-led deals are on the rise and will likely become a much greater part of overall secondary activity, which has historically been led by LP fund stake sales.
3 min read · 04 December 2020
Demand among buyers and LPs’ desire to manage their portfolios in the wake of covid-19 point to healthy transaction secondaries volumes in the year ahead.
3 min read · 01 December 2020
Yuan-denominated funds have raised magnitudes more than dollar-denominated funds, though a lack of buyers has hindered the growth of a secondaries market.
2 min read · 30 November 2020
Falling distributions and increased capital calls are catalysing sellers, serving up prospects for discerning buyers, says Pomona Capital’s Michael Granoff.
6 min read · 30 November 2020
The two large GP-led deals are part of a shift in the secondary market away from traditional sales of fund stakes held by limited partners, to deals by GPs to manage assets held in older funds.
3 min read · 27 November 2020
The firm has blown past its $7bn target to hold the final close on Vintage VIII, which is already 20% committed.
2 min read · 19 November 2020
The process is among several large GP-led deals that have hit what has become a busy secondaries market as sponsors try to finish deals before year-end.
3 min read · 18 November 2020
Buyers who have shown interest so far include some traditional secondary firms, but also strategic-type buyers like sovereign funds and insurance companies that might be a better fit for perpetual capital.
3 min read · 16 November 2020
The secondaries market is more seller-friendly than ever, allowing sponsors to push terms that surprise even seasoned pros. This is unlikely to last.
2 min read · 12 November 2020
The pension has written a $500 million check for AlpInvest Secondaries Program VII, just months after committing $300 million to Ardian's ASF VIII.
2 min read · 11 November 2020
