The firm is fresh off raising its largest fund ever, StepStone Secondary Opportunities Fund V, which totalled $7.4bn across its entire programme.
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.
Secondaries options can provide immediate compensation for start-up employees, boosting motivation, enticing future hires and restoring team momentum, writes Nate Leung from Sapphire Partners.
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.
Helping to close the liquidity gap will create a boom for both the secondaries and primary markets, writes Coller Capital's founder and chief investment officer.
While market participants disagree with its branding, exercises to rejig the underlying shareholder base of companies to provide liquidity are underway
While there is certainly a host of alignment issues LPs would like to see resolved, a number of investors have adjusted their policies to invest in continuation vehicles.
Eye-watering legal charges have been likened to ‘racketeering’; industry co-operation could solve the problem.