The treatment of co-investments in continuation vehicles could provide guidance on how things may play out when PE-backed portfolio companies with a broad-based employee stock ownership plan are rolled into a CV.
There are multiple ways an LP can avoid having to take the last resort route of suing a GP over return of paid-out carry.
The US’s largest public pension is right to want to better align itself with managers to access the highest-quality assets.
NAV loans for LP distributions were a hot topic – some might say even a spicy one – at an industry gathering in Paris this week.
Instead of a flood of LPs backing away from the asset class, there appears to be some tactical manoeuvring to help institutional portfolios stay in balance.
Our upcoming special report on the secondaries market shows the future looks bright for this burgeoning asset class – though investors have a list of improvements they’d like to see.
As GP staking firms come up with novel ways to provide exits to investors, the burden will be on them to show such efforts are worth it in the long run.
As the issue of own capital at risk comes to the fore ahead of the UK October budget, Rami Cassis, chief executive of family-run office Parabellum Investments, argues GPs should be upping their skin in the game.
While it’s easy to point to liquidity constraints as an anomaly, the market believes secondaries’ record-breaking streak should continue.
Developing the infrastructure around secondaries transactions would speed up the release of capital, writes Palico's Christopher Jeffery.