Editor's View

Our in-house take on what news, trends and developments affecting the secondaries market means to its different participants. In these weekly commentaries we stir discussion and prompt debate as well as comment on issues important to market participants in a lively and thought-provoking way.

mountains, snow, ski, Mont Blanc, France
Vincent Gombault – a figure known for his polarising personality and management style – oversaw the evolution of Ardian’s rise to the top of the secondaries market.
2021 new year
Three things to look out for in the secondaries market over the next 12 months.
bedroom
One of Wall Street's biggest banks and an M&A goliath has decided it's time to turn its attention to the GP-led market, and it's making its mark.
Silhouettes of happy businessperson. Success of business concept, team, success, spinout
Our upcoming podcast with Glendower Capital chief executive Carlo Pirzio-Biroli looks at best practices for going it alone, including track record attribution and having an amicable separation.
Colorful Fireworks Lighting Effect on Purple Background for Celebration Concept, happy
Submissions for the PEI Awards suggest 2020 could have been far worse for the secondaries market.
shake, mix-up, cloud, mixing, fusion, bomb
In the wake of multiple key departures from the market's biggest advisor, the future of the multi-billion LP portfolio market is up for grabs.
hot cakes
The secondaries market is more seller-friendly than ever, allowing sponsors to push terms that surprise even seasoned pros. This is unlikely to last.
covid
Top executives from Campbell Lutyens, Evercore, Lazard and PJT Partners shared their views for Kirkland & Ellis's liquidity masterclass this week.
French statue of Liberty in Place de la Republique Marianne
Bpifrance's innovative strip sale is the latest example of how secondaries technology can be used to help open up private equity to the public.
market
Negative headlines are causing some LPs to review their relationships with Vista Equity Partners and Apollo Global Management. This has implications for the secondaries market.
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