Amid the broadening supply of private wealth-focused evergreen vehicles, ICG and Dawson Partners are the latest managers to join the fold with funds focused on secondaries.
From partial exits to continuation funds, more African GPs are turning to secondaries transactions to deliver liquidity back to LPs.
Not every firm has smashed the lights out when it comes to fundraising for vehicles focusing on concentrated bets.
While impact secondaries transactions remain a relatively small part of overall secondaries volume, these vehicles can offer more certainty around impact-linked growth stories compared with their blind-pool counterparts.
A survey from the credit secondaries advisory firm suggests the strategy has continued its ascent with more deals, stiffer competition and a wider group of participants.
Lawyers from Skadden, Arps examine how sale and purchase agreements have evolved to better fit sponsor-initiated processes.
Uncertainty about the use of proceeds poses an issue for NAV lenders looking to manage ESG risks.
Reports of the benefits of preferential terms for investors who negotiate and structure a deal may be greatly exaggerated.
Manulife Investment Management’s GP-led secondaries programme will seek out concentrated deals from the large-cap space through to the lower mid-market.
The SEC’s decision to grant Coller Capital and Pantheon permission to shop their secondaries-focused evergreen vehicles to high-net-worth investors could prompt more players to follow suit.