Secondaries

Investors are waiting longer for distributions from the managers they back, according to research by placement agent Triago, as general partners delay exits until markets improve.

The introduction of ‘squeeze-out’ provisions designed to force minority shareholders to sell their stakes could help fuel Turkey’s burgeoning private equity industry, writes regional corporate lawyer Haluk Bilgic.

Trade bodies have flagged a number of concerns over the directive's latest draft, including its treatment of third-country provisions affecting GPs from non-EU jurisdictions and their ability to access EU investors.

The Carlyle Group has included a structure in its sixth fund that allows LPs to sell fund stakes early, taking bids from a group of five preferred secondary buyers.

The Teachers’ Retirement System of Louisiana has seen a lot of managers over the past few months, allowing it to cherry-pick its favourite funds, a luxury limited partners say they enjoy in the crowded fundraising environment.

In the first of our new regular series on operational value creation, we takes an in-depth look at Graphite Capital’s success with shoe retailer Kurt Geiger.

Fund managers are becoming more receptive to secondary sales as a way of addressing LPs liquidity concerns, according to an industry panel.

Fees and expenses will be paid back to LPs before the group collects its share of carry, however pending bank regulations prevented Credit Suisse from putting more 'skin in the game'.

Exits need to be carefully planned by fund managers when considering an investment, writes David Walker of global law firm Clifford Chance.

The massive California pension plan is the latest LP to explore a separately managed account with its GPs as a way of achieving more favourable terms and conditions.