Commentary

Thought leadership from the secondaries sector’s leading voices including legal experts, industry veterans, asset class specialists (from real estate to private equity) and academics.

diversity
The leaders of some of the most prominent firms have spoken out about discrimination.
challenge
The barriers to entry for asset managers keen to get a slice of the pie are higher than they may seem.
Portfolio finance can offer additional investment firepower or a source of liquidity, both of which are in high demand in the fallout from the pandemic, explains Augustin Duhamel.
ant, leaf, small, tiny
Less competition and a likely increase in the number of smaller forced sellers could make 2020 a good vintage for niche players.
wrestling
The secondaries market offers various tools sponsors can use, regardless of the lack of visibility caused by the covid-19 crisis.
Cash bills
Secondaries market leverage use is facing its first real test. Whether it passes will have implications for the future health and reputation of the industry.
Four lawyers – including three secondaries experts from Dentons, Debevoise & Plimpton and Kirkland & Ellis – discuss GP-led secondaries, ESG and the latest developments shaping private equity.
Jeff Hammer, Paul Sanbria, Manulife
The secondaries market will play an important role in rejuvenating the economy, and its role will be more flexible, innovative and sophisticated than it has been in past crises.
Side pocket
Dan Nolan of Duff & Phelps discusses how technology adopted from hedge funds can be used to contain the damage of the crisis.
Dayton Carr, VCFA
Dayton Carr, who executed the first ever secondaries deal in 1979, remained focused on returns for his investors until the end.
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