Amy Carroll

Processes that don’t offer a status quo option have begun to crop up more frequently in the GP-led market.

Continuation funds have become a more common exit route, enabling sponsors to hold onto their star assets for longer.

There are various stages involved in getting these deals over the line, though greater levels of complexity can stretch timelines.

A proliferation in specialist funds and an increase in LP- and GP-led dealflow all point to the maturation of the infrastructure secondaries industry.

M&A advisory businesses and mega-managers are storming a flourishing secondaries industry but are there enough opportunities to go round?

We chart the spectacular rise of concentrated NAV lending in the covid-19 era as the sub-sector comes of age.