Secondaries

The deal, which has been in the market since at least earlier this year, is separate from the widely reported 'strip sale' Tiger has been running to sell stakes in direct assets.

The deal would be highly customized targeting specific assets, rather than a broad-based tender of LP interests across older funds.

Generative artificial intelligence and machine learning could be used in a ground-breaking way in the secondaries market, though there are a few hurdles to overcome first.

PE investors expect AI to make a significant contribution to deal origination, according to Coller Capital’s latest barometer.

Scratching your head at how to make sense of current market dynamics? You're not alone.

The process, which is being run without an intermediary, is part of the active secondary market that has seen a strong flow of inventory, but fewer closes.

The process is understood to be in the early stages and could involve multiple funds.

Single-asset continuation funds are becoming a disruptive force in the sponsor-to-sponsor M&A market, say Evercore managing director Jim Tilson and vice-president Mike Selverian.

Firms that provide primary fund capital may have a distinct advantage in secondaries investing, say LGT Capital Partners’ Martha Heitmann and Andrew DiGeronimo.

As GP-led secondaries continue to grow in popularity, TPG’s Michael Woolhouse and Matt Jones argue that these are a distinct discipline from their LP counterparts, requiring specialization to flourish.