The secondaries market is more seller-friendly than ever, allowing sponsors to push terms that surprise even seasoned pros. This is unlikely to last.
Investors cannot afford to ignore a GP set that has largely outperformed industry benchmarks, even during a pandemic.
Live sporting events have been some of the most disrupted due to covid-19, and yet private equity is still betting on big returns from the sector.
The non-prosecution agreement signed by Robert Smith keeps him out of court, but the next test will be investors’ tolerance of tax evasion.
The pandemic has accelerated the number of fund placement executives going in-house.
Shanghai-based Chris Lerner and another senior executive are understood to have left the placement agent and advisory firm in August.
The private equity industry must decide how its long-established fiduciary duty fits with a crisis like this.
Don’t be fooled by the headline numbers; raising private equity funds has become more difficult.
Our annual Africa Special showcases the opportunities ahead for the continent and some large bumps in the road.
The $257bn collected by the 30 firms comprising our latest ranking of the secondaries market's biggest fundraisers could be small fry in years to come.