Graham Bippart

Major lenders in subscription credit facilities reined in new lending shortly after the crisis began in March, focusing on existing clients and facing various constraints. Smaller banks have been stepping in to the breach.

Industry players wonder what the future of the subscription credit facility market looks like, and reveal critical changes that may suggest a new, if still evolving, normal for the sector.

A study from fund administrator Gen II Fund Services sheds light on how fund managers expected the pandemic to affect their valuations.

Two European LPs have already defaulted on capital calls, and more are rumoured, creating a potential pool of early secondaries opportunities.

Doug Cruikshank talks with senior editor Toby Mitchenall about the growing asset class: how it works, who it works for and what he thinks it can do for sponsors during an economic slump.

Lou Sciarretta talks with senior editor Toby Mitchenall about walking the ESG walk, the increasing need for liquidity, succession planning and more.

Laurence Allen, who is accused of a long-running fraud by the Office of the New York State Attorney General, says the case is the result of an LP's attempt to greenmail him.

The New York attorney-general's 229 paragraph lawsuit against NYPPEX chief Laurence Allen lays out what the AG says was a decade-long fraud.

The lawyer hired to defend NYPPEX CEO Laurence Allen plans to try to get the New York state attorney-general's plea for an injunction and a receiver for relevant assets thrown out.

The New York attorney-general has filed a lawsuit against Allen, who runs a secondaries fund and a secondaries intermediary business, for allegedly misappropriating more than $13m.