Side Letter: PE’s first-timers; Listed PE performers; Secondaries law survey

First-time fundraising isn't likely to get much easier in the near-term, but there are silver linings for those willing to put in the work. Plus: A new index seeks to chart the performance of private equity's listed players; and Secondaries Investor's latest law survey shows a strategy in rude health. Here's today's brief, for our valued subscribers only.