Secondaries

Presenting two new global categories of Preferred Equity and Direct Secondaries, plus winners across LP Sale and GP-led Deal of the Year, and more.

Everyone knows the importance of alignment between the GP and LPs in a fund restructuring. But what about the portfolio company’s management?

Read the results of the annual awards, voted for by the industry.

Sponsors considering running secondaries processes on their funds should be aware of potential pitfalls that can hit carried interest and scupper deals.

Who had the biggest effect on the industry in 2019? This year the award goes to an advisor for the first time.

The limited partner body’s guidance on GP-led fund restructurings is designed to create an industry standard for the execution of these deals, but how effective has it been in practice?

Partner Peter Martenson and managing director Michael Pilson discuss how Eaton Partners ventured into GP-led secondaries, new opportunities in the market and why GPs should be proactive in exploring their options.

GP-led secondaries have grown rapidly by both value and volume over the past few years. Tristram Perkins and Ben Perl discuss how they are evolving.

Investor demands for liquidity are driving fund managers to use the secondaries market in creative ways, say Sam Kay and Edward Ford of Travers Smith.

Hellman & Friedman showed this week what can happen when a GP gives itself more time to manage an asset.