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 Neuberger Berman unit’s management-fees securitisation this week shows GPs are coming up with novel ways to give liquidity.
Blindfolded Man Illustration
A new paper argues LPs are turning a blind eye to high fees and mediocre performance in their PE portfolios. Is this a fair assessment?
Fund managers won’t be happy with every recommendation the LP body is making, but in a more challenging market environment investors will surely welcome the extra disclosure.
The leaders of some of the most prominent firms have spoken out about discrimination.
The time will soon come when a pre-coronavirus track record won’t count for much; LPs will be judging managers on how they rise to the challenges in the coming quarters.
Private equity sponsors may find themselves in need of capital due to the covid-19 crisis. Enter: the secondaries market.
Investors are expecting their GPs to do everything they can to save portfolio companies and keep employees on the payroll – and that includes accepting eligible government support.
Investors who rushed to join the country’s digital revolution are facing issues pre-dating the pandemic that could spell the end of private equity’s golden age.
Excluding private equity-backed companies from government assistance programmes only harms those pensions and employees society is striving to protect.
Kyoto, Japan
Our annual Japan Special showcases the tenacious local managers that have persisted through a tough market. It is this grit and determination that gives them confidence to face the next downturn.
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