Adam Le
The increasing acceptance of GP-led deals has opened up opportunities in the smaller end of the market, but unique challenges arise when dealing with smaller funds.
Expect a document that gets into the weeds when the LP body issues its best practices for fund restructurings.
The secondaries market has come a long way; best practice around managing conflicts of interest has some way to go.
The industry body, which represents $2trn in PE assets, plans to publish an update to its private equity principles as early as this year.
The firm, founded by former AlpInvest executive Tjarko Hektor, has added a CFO and two associates.
The tax reform passed in January could scupper secondaries deals involving sales from non-US sellers.
There has never been a better time for GPs to utilize the secondaries market.
Making the business case for spinning out is often easy; the potential pitfalls come from the details of doing it.
The private equity firm's managing partner Wol Kolade says private equity must scale and become more mainstream to become a 'must-have.'
John Stephens's promotion comes as the secondaries firm seeks $1.75bn for Fund IX.