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.
Credit Suisse's 2022 Secondary Market Review expects GP-leds to experience a resurgence in 2023 after being outpaced by LP-leds last year.
PEI’s annual investor survey indicates that LPs aren’t rushing to exit every deal, but they do expect third-party valuations.
Conditions are favourable for deal-by-deal transactions, adding to the growing ocean of manager types in an already competitive market.
There is misalignment between investors and GPs on the topics of obstacles, red flags and expectations, a Capstone survey finds.
Buyers are increasingly splitting out their fund strategies as institutional investors seek specific risk/reward categories for secondaries.
A high-quality, single asset continuation fund transaction is a golden opportunity for cash-strapped LPs in search of liquidity. As a result, some transactions are having a hard time coming up with enough buyside capital.
The top 10 known commitments to 2022-vintage secondaries vehicles totalled $4.77bn, buoyed by ADIA’s whopping $4bn commitment to Ardian’s ASF IX.
The firm took up a managing director from its founder's old employer, while tapping three other firms to expand its platform.
Eurazeo and Pantheon are also understood to be participating in the transaction in the buyout firm's 2013-vintage Fund IV.
LP portfolios accounted for close to half of the roughly $106bn in volume last year, according to the advisory firm and placement agent's 2023 Secondary Market Overview.