Disclosure, the role of the LPAC and status quo options may make some GP-led restructurings unaligned with the industry body's guidelines, according to Cleary Gottlieb.
Axing carry and management fees for certain investors is a neat way of giving back.
On the heels of ILPA’s recent best practices on GP-led secondaries, BRG’s Finbarr O’Connor and Gavin Farrell take a practical look at issues important to LPs, and how GPs can address the guidance as they formulate transactions.
Co-founder Agnès Nahum and partner Alexandre Delos discuss how the firm uses secondaries as a portfolio management tool and how fund duration and market cycles influence its decision to sell stakes.
Running a fund restructuring can be virgin territory for GPs; ILPA’s latest guidelines will be as helpful to them as it will to its members.
Secondaries Investor caught up with the industry body’s chief executive Steven Nelson for a sneak peek at its soon-to-be released GP-led secondaries best practices.
The spin-out of 55 people, 35 companies across three continents and the need to juggle the interests of several LPs that happen to be secondaries firms: the deal shows just how far things have come.
Anyone doubting that Asia could provide meaningful secondaries dealflow should think again.
San Francisco-based Melting Point Solutions seeks to maximise pricing for sellers by seeking bids for single items as well as whole portfolios. Raphael Haas, the firm's chief executive, talks to Secondaries Investor about why multi-buyer sales can deliver better pricing for sellers and why non-dedicated buyers can provide outlier pricing.
While GP-led processes can be technically and legally complex, emotions are often the biggest hurdle to closing a deal.