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insurance
The rise of GP-led deals has highlighted the importance of liability protection, bringing warranty & indemnity insurance into the secondary market, say insurance broker Lockton and law firm Akin Gump.
sunshine
Clarity on withholding tax issues for non-US investors means secondaries trades can now be conducted with greater ease, write Macfarlanes’ James McCredie and Florence Barnes.
Kempen Capital Management’s director, private markets, Marvin de Jong, warns that the covid-19 crisis is not a re-run of 2008.
coronavirus
Secondary market innovations bode well for investors and GPs that need to be nimble in an evolving landscape, write Mozaic Capital’s Solomon Owayda and Christine Patrinos.
collide
The conventional wisdom that M&A or IPO are the only two paths to liquidity for a business may no longer hold true, write Todd Miller and Katie Stitch of W Capital Partners.
mind
Sellers of privately held company shares are getting creative with their holdings during the crisis, writes Liquid Stock co-founder Greg Martin.
Portfolio finance can offer additional investment firepower or a source of liquidity, both of which are in high demand in the fallout from the pandemic, explains Augustin Duhamel.
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