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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.

The market forces that have propelled climate funds to the top of LP wish lists look set to continue.
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.
A woman sits upon a suitcase
The achievements of those featured in this year’s Women of Influence in Private Markets list highlight the myriad ways they are helping to shape the fast-changing alternatives landscape
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.
Businessman swings on a wrecking ball with Dollar symbol engraved on it
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.
Despite a couple of pulled-transaction anomalies, secondaries sales are still seen as a powerful tool for rebalancing portfolios.
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