Madeleine Farman
Madeleine Farman is a senior reporter for PEI Group’s Private Equity International and Secondaries Investor titles, based in London. Prior to joining PEI, she had covered private equity, private capital and advisers associated with the industry for other newsrooms and publications since 2016. Originally from New Zealand, Madeleine began her career in radio in Auckland.
Getting a fairness or valuation opinion on a private equity GP-led secondaries transaction is a straightforward, albeit costly task. In credit secondaries, however, the rule change creates a cumbersome burden.
There have already been some notable improvements in LP-led pricing in Q3 this year, according to a buyer survey from the advisory firm, shared with Secondaries Investor.
Presenting the latest instalment of Second Thoughts, a special series from Secondaries Investor that delves into the latest trends affecting the fastest-growing market in alternatives.
Rather than wait out overallocation, LPs have headed to the secondaries market to continue their investments into private assets. The opportunities, however, far outstrip demand.
Ardian’s Wilfred Small and Arnaud Mercier speak with Secondaries Investor about Ardian's artificial intelligence platform and where AI's limitations are in private markets.
The SEC’s vote this week that makes third-party opinions in continuation fund transactions mandatory was a practice that was already becoming a market norm.
The survey, which compiled responses from 101 senior buyout, growth, private debt, VC, real estate and infrastructure executives globally, found that most GPs observed their LPs had interest in such options.
Crown Global Secondaries VI was launched a year ago, Secondaries Investor data shows.
Tail-end specialist Willowridge Partners closed its latest flagship, Amberbrook IX, on $900m earlier this month.
There were 15 $1bn-plus LP-led portfolios brought to market in the first half of 2023, and market participants anticipate more LPs will follow suit. How many transactions will get over the line?