Secondaries

In today's edition, why climate risk is leaving LPs in a catch-22; Australia's SWF turns secondaries buyer; a mid-market firm reaches final close.

In today's edition, Blackstone's Schwarzman touts the US AI opportunity; ADIA backs a Saudi endowment's LP-led; Why the UK could go from 'net zero' to 'not zero'.

Being a ‘co-operative partner’ during LP-led transactions can have hidden benefits, a private equity GP tells PEI Group’s Commitment Issues podcast.

After years of buying and selling secondaries as an allocator, Yangge Seaman believes that while institutional investors often have the appetite and capital to pursue deals, they aren’t able to follow through. Her new firm, Gordian Investment Group, aims to bridge that gap.

Last year marked the first time Abu Dhabi Investment Authority made no change to its private equity allocation range in five years.

Bradley has played an active role in discussing PE strategy with the board and pioneered the use of secondaries sales at the $219bn system.

In today's edition, Our latest ranking of the world's largest secondaries fundraisers; An earlier than expected shakeup for Partners Group's C-suite; A secondaries specialist joins PE's growing band of MENA movers.

Endowments and foundations using outsourced investment offices increasingly view GP-led secondaries as a way to deploy capital more quickly into private markets, prioritising performance opportunities over liquidity concerns.

Consistently high secondaries transaction volumes are being driven by enduring macro difficulties and opportunistic investment practices, say P Thao Le and Stephanie Pindyck-Costantino, partners at Troutman Pepper Locke.

The rapid growth of structured solutions is evidence of a secondaries industry that continues to evolve and innovate, say John Kelley and Rob Emerson, co-heads of the secondaries group at Latham & Watkins.