Exits

Amid a slow M&A and IPO market, GP-led transaction volume grew by more than 50% last year. And according to PJT Partners’ Johanna Lottmann and Nicholas Lyons, that’s unlikely to change, even as traditional exits pick up.

As some portfolio companies have grown beyond expectations, GPs are seeking exit alternatives.

Rather than selling troubled positions at heavy discounts in the secondaries market, LPs should consider bringing in outside support to agitate for a successful wind-down, says Cork Gully managing partner Stephen Cork.

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?

The local firm has navigated Sri Lanka's political and economic upheaval to complete two exits, with a third underway, managing partner Hiran Embuldeniya tells PEI.

HarbourVest now quizzes GPs about their views on NAV financing as part of its due diligence, managing director Lydia Hao tells PEI.

Research from Rede Partners shows green shoots are beginning to appear when it comes to realisations and investor confidence.

Speaking at the HKVCA's Greater China PE Summit on Monday, Lexington director Niklas Risberg said buyers require discounts and strong GP alignment to get comfortable with the region's higher level of risk.

Banks and direct lending funds will continue to battle it out in the bid to finance sponsor-backed deals as M&A markets at last open up, says Ropes & Gray partner Michael Lee.