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Editor's View

Our in-house take on what news, trends and developments affecting the secondaries market means to its different participants. In these weekly commentaries we stir discussion and prompt debate as well as comment on issues important to market participants in a lively and thought-provoking way.

Fundraising sweeteners, increasingly sophisticated approaches to wealth, and an improving deal outlook were among the defining themes of 2024.
Roll of Kodak Kodachrome 35mm Transparency Film, It was first introduced in 1935 and became very popular with professional photographers for its rich colours.
Eastman Kodak's sale of a portfolio of illiquid fund stakes to Mastercard Foundation suggests further corporate LPs may come to the secondaries market as they go through structural shifts.
Speech bubbles
Investors share their views on the outlook for the industry in our annual LP Perspectives Study.
ESG teams are increasingly able to demonstrate how their efforts drive growth in portfolio companies. It is a welcome development.
The financial and second-order benefits to LPs and GPs appear to outweigh any concerns over the sheer volume of co-investment capital available to sponsors.
Trump badges
Some large LPs have already started to tweak their investment focus to align with the priorities of the Republican administration.
A blue financial chart with arrows pointing up
Buying the market – via a low-cost strategy – is starting to look surprisingly attractive for certain investors.
HM Treasury is the UK governments economic and finance ministry and maintains control over public spending. They decide how money is raised from taxpayers and set the direction of the UKs economic policy, working to achieve strong and sustainable economic growth.The Treasury serves to spend taxpayers money responsibly and a return with value for moneyIt aims to create a simpler and fairer tax structure and resolves to deliver a well-functioning welfare system. The taxation system provides the resources to develop a strong and vibrant national economy.
Determining how profit sharing will qualify for carried interest tax treatment in the UK from 2026 will be a complex matter.
The winners in each category will now be decided by the same judging panel of Private Equity International editors that produced the shortlists.
The market forces that have propelled climate funds to the top of LP wish lists look set to continue.
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