Secondaries

Warburg’s move comes as several other large GPs have built out internal secondary capabilities, including TPG and Leonard Green.

Pennsylvania Public School Employees’ Retirement System's sale included stakes in funds managed by New Mountain Capital, Apollo Global Management and Platinum Equity.

High net-worth investors have been backing secondaries funds at 'astonishing' rates

Southeast Asia, once touted as the continent’s next big thing in private equity, is struggling to live up to expectations. What’s holding the region back?

Fund finance will have a key role to play in addressing the capital overhang ratio within the secondaries market, writes Ian Wiese, portfolio manager at Barings Portfolio Finance

Some firms, like Warburg, have been through large secondaries processes in the past and are more familiar with how it works, sources said.

GP-led deals represented about 46% of the $40bn-$45bn of secondaries volume in the third quarter, according to research from PJT Park Hill.

LP sales accounted for about $40bn, or 59% of activity in the first half, according to Jefferies’ half-year volume report.

A managing partner at the Riverside Company explains how best to implement employee stock ownership plans. Plus: Hong Kong wants firms to consider listing in the special administrative region; and Ping An has completed another secondaries process to free up liquidity. Here's today's brief, for our valued subscribers only.