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Solid relationships and flexible solutions are key to private debt’s ongoing success in the PE mid-market, says Audax Private Debt president Kevin Magid.

The lower mid-market offers the most compelling co-investment opportunities at present, say Schroders Capital’s Jeremy Knox, Vahit Alili and David Bajada.

As scrutiny intensifies, it becomes ever more important for sponsors to ensure they are following best practice on GP-leds, say Akin Gump Strauss Hauer & Feld partners Amanda Butler-Jones, Daniel Quinn and Fadi Samman.

GP-led deals can help cultivate relationships between sponsors and investors, particularly as the buyside universe expands, say PJT Partners’ Christopher Areson, Imran Hameed and Daniel Schuster.

Superior sourcing, diligence and execution capabilities are all reasons why investors should consider working with a co-investment manager, say Erik Wong and Matt Cashion, partners in Pantheon’s global co-investment team.

A lack of full exits means it is too soon to say how well this latest generation of GP-led secondaries will fare, but the ingredients for success are all in place, says Jochen Mende at UBS Asset Management.

Identifying a credible lead investor that will deliver on execution can be more important than extracting the last dollar on price, says Glendower Capital (CVC Secondaries) managing partner Chi Cheung.

The breadth of GPs and resilient businesses to be found in the mid-market makes for highly compelling single-asset deals, says Hayfin’s Mirja Lehmler-Brown.

Partnering with GPs on environmental deals provides the perfect opportunity to generate positive contributions and outsized returns, says Nicolas Thomas, private equity investment manager at Pictet.

New approaches to GP-led transactions continue to emerge as the ecosystem matures and market needs evolve, says Stefano Manna, head of GP Advisory at Investec.