Retaining talent and maintaining the industry's culture will be one of the secondaries market's biggest long-term challenges.
All players – GPs and LPs – are getting more sophisticated in the CV world, and the processes around these deals will continue to evolve.
While a rarity, managers are considering continuation funds on continuation funds, market sources tell Secondaries Investor. Could this become more commonplace across the longer term?
Secondaries Investor is delighted to announce that all secondaries-focused categories from the PEI Awards will now stand on their own.
The treatment of co-investments in continuation vehicles could provide guidance on how things may play out when PE-backed portfolio companies with a broad-based employee stock ownership plan are rolled into a CV.
Two buyers outlined their approach to securing what they hope will be the best returns for LP-led transactions at a secondaries conference this week.
Your secondaries podcast fix is now available as a standalone channel with fresh episodes available every fortnight.
When a CV asset goes bankrupt, if the restructuring plan calls for equity to be wiped out to make sure creditors are repaid, that includes CV investors and rolling LPs.
As the continuation fund market evolves and expands, it is inevitable that some of the assets would fall into bankruptcy.
While market participants disagree with its branding, exercises to rejig the underlying shareholder base of companies to provide liquidity are underway