Guest Writer

Access to incremental debt capital can support follow-on investments in existing portfolio companies to preserve or enhance fund NAV, writes David Philipp of Crestline Investors.

GPs should be aware of right of first refusal clauses and PTP issues when processing transfer requests from LPs brought about by the covid-19 crisis.

Law firm Stephenson Harwood's Gabriel Boghossian and Sarah de Ste Croix outline three points of contention and practical steps to ensure effective LPAC operations.

The best way to determine if net asset values reflect reality is to perform a fundamental valuation of each of the individual assets in GP-led process, writes Duff & Phelps's David Lee.

Four lawyers from Paul Hastings describe the implications of IRS regulations that affect secondaries market participants.

Ed Ford and Sacha Gofton-Salmond of law firm Travers Smith outline the pros and cons of preferred equity transactions.

Single-asset transactions, a growing part of the secondaries market, can offer unique benefits to all parties, write Evercore’s Nigel Dawn, Francesca Paveri and Dave El Helou.

Ropes & Gray’s Raj Marphatia and Jianing Zhang explain how a secondaries transaction on an Indian-focused fund nearly fell apart.

AlpInvest Partners’ Wouter Moerel and Chris Perriello, managing directors and co-heads of the firm’s secondaries investment team, discuss growth in the secondaries market, why they don’t use leverage and what a worst-case scenario could look like.

As GP-led restructurings continue to increase momentum, lawyers at Akin Gump Strauss Hauer & Feld consider how market practice is developing in a fast-moving sector.