Secondaries

Most LPs that have been party to a GP-led secondaries deal have not been happy about how the cost of the transaction has been split between GP and fund.

Once associated with problem funds, GP-led processes are now part of the smart manager’s tool kit. Should you be doing one, and if so, how?

When the SEC released details of its settlement with Veronis Suhler Stevenson last year, the secondaries community took note.

Preferred equity isn’t new but firms such as 17Capital are applying it to private equity via dedicated funds. In this 26-minute podcast we speak to managing partner Augustin Duhamel about the strategy that is quietly taking the market by storm.

If you are thinking about an end-of-life fund, here are the legal eagles you need.

Fund restrucutrings will continue to be an important part of the private equity market, say Debevoise & Plimpton's Simon Witney and Andrew Rearick.

Blue chip managers are using stapled secondaries deals to boost fundraising and provide liquidity to LPs. In this 17-minute podcast, lawyers from Proskauer, Debevoise & Plimpton and MJ Hudson discuss how GPs and LPs should approach this increasing transaction type.

A snapshot of law firms' secondaries work in 2018 by volume, deal count, strategy and more from sister publication Secondaries Investor's annual survey.

Disclosure, the role of the LPAC and status quo options may make some GP-led restructurings unaligned with the industry body's guidelines, according to Cleary Gottlieb.

The Institutional Limited Partners Association's guidance aims to help LPs navigate a part of the private equity market that grew by more than 70% last year.