Hannah Zhang
The market’s largest legal advisers worked on more than $800bn of transactions last year, marking their second busiest annual period.
Secondaries funds can deliver outperformance compared with PE buyout funds due to their diversification and asset-screening processes.
Florida State Board of Administration believes securitisations could be a better option than selling fund stakes if LPs must take massive discounts.
China’s booming LP-led market is offset by a nascent GP-led market and challenges unique to international investors.
The $105bn system's co-investment programme now makes up just over 10% of its private equity portfolio.
The target amount sought for Long Term Private Capital II could change, Private Equity International understands.
Despite a couple of pulled-transaction anomalies, secondaries sales are still seen as a powerful tool for rebalancing portfolios.
A recent report shows GPs may have developed tricks to downplay the underperformance of some assets, resurrecting the question of how much wiggle room is needed in valuation processes.
Companies with lower earnings growth tend to have higher valuation multiples than their better-performing counterparts, according to a report published by Clipway.
Martin Longchamps, head of private equity at the $319bn Canadian giant, talks to PEI about secondaries sales, overallocation and what steps the institution plans to take next.