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The private equity secondaries market: A Cinderella story

The secondaries market's transformation into a $70bn market is due to both a wave of the Fairy Godmother’s wand and the payoff for years of scrubbing floors, write Houlihan Lokey's Jeff Hammer and Paul Sanabria.

GP stakes: Who’s on the shopping list?

PAI Partners, Affinity Equity Partners and Coller Capital are among the most suitable candidates for a GP stake investment, according to a report.

Selling fund stakes at a discount is better than holding tail-ends – report

An analysis of private equity funds by Upwelling Capital shows holding funds for longer than 10 years brings more downside risk than upside potential.

How Rhode Island plans to use secondaries to boost its PE exposure

PEI speaks with senior investment officer Jonathan Popielarski about the types of fund stakes the US pension wants to buy so it can hit its 11% target allocation.

Carlyle mulled Africa fund stapled deal – exclusive

The private equity giant approached secondaries buyers about acquiring LP stakes in its 2013-vintage Sub-Saharan Africa Fund and making a stapled commitment to its successor.

Carlyle’s Bagijn: commingled funds will remain ‘highly relevant’

Ruulke Bagijn, the new head of the firm’s AlpInvest and Metropolitan units, says co-investment and secondaries funds will remain part of the core of the business.

Legal special: How to navigate conflicts in GP-led secondaries

LPs can find the options are limited when a fund manager restructures the leftover assets in a fund nearing the end of its life.
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Blackstone’s impact success hinges on its secondaries relationships

The private equity giant's push into impact investing relies on the GP relationships and fund commitments its Strategic Partners unit has built.

Blackstone launches impact investing platform

The new platform will sit within the firm's secondaries unit, Strategic Partners, and work with existing impact managers across all asset classes.
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