Private Equity

Secondaries

Legal Special: Four need-to-know issues for 2020

Exposure to litigation and data handling are among the topics currently on private equity lawyers’ minds.

4 min read · 31 March 2020

Ardian, Lexington emerge as buyers of $1bn-plus LP portfolio from CPPIB

It’s not clear if the CPPIB deal has closed yet. It’s possible the buyers are attempting to renegotiate the price on the deal since the market dislocation.

2 min read · 30 March 2020

Secondaries funds try to navigate coronavirus chaos

Market volatility has led to stalled deals, the withdrawal of sellers and the return of MAC clauses.

4 min read · 25 March 2020

How to value your limited partnership stake in light of covid-19

David Larsen, a managing director at Duff & Phelps, says investors should seek guidance from their GPs as to likely discounts.

2 min read · 19 March 2020

Four threats to the growth of the GP-led secondaries market

The coronavirus pandemic is one of multiple threats to manager-initiated deals, which accounted for around one-third of total secondaries market volume last year.

6 min read · 17 March 2020

GP-led secondaries emerging as valuable tool for top-decile managers

A PitchBook analysis finds that the types of firms doing GP-led secondaries deals has transformed drastically in the past few years.

3 min read · 13 March 2020

How private equity will fare in the covid-19 crisis

The industry learned some valuable lessons from the GFC, but this crisis will be different.

2 min read · 12 March 2020

Repricing, hung deals loom as market woes leak into secondaries

The virus outbreak, which has hammered the broader economy for several weeks as business activity slows, is causing sellers to delay bringing secondary deals to market.

3 min read · 11 March 2020

Goldman to lead TPG single-asset deal for Creative Artists Agency

The asset manager is one of a syndicate of buyers seeking to move Creative Artists Agency into a continuation fund to give backer TPG more time to manage the assets.

2 min read · 05 March 2020

Secondaries market in 2020: Big deals and bold predictions

Secondaries transaction volumes exceeded $80bn for the first time, but slower growth in parts of the market has put a check on over-exuberance.

6 min read · 05 March 2020

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