![si](https://www.secondariesinvestor.com/wp-content/themes/Newspaper-child/images/modal/modalheader-si-rebrand.png)
Private equity dealflow continues to stall in China – but so far it hasn’t yet prompted the hoped-for explosion in secondaries activity.
Evoco’s restructuring of an ailing private equity portfolio (backed by secondaries firm Headway Capital) illustrates one way that the industry can deal with its many dysfunctional funds.
Is the party over? Houlihan Lokey's Jeff Hammer and Paul Sanabria explore.
It’s not surprising LPs get irate about the terms of fund restructurings. But ultimately, they need to be grateful that the market is offering them some kind of way out.
A recent fund restructuring on the secondary market illustrates how secondaries firms can help create options for LPs in funds well beyond their contractual lives. By Christopher Witkowsky
The California Public Employees’ Retirement System’s Vista portfolio provides a stark example of the struggles LPs with mature portfolios have in managing out legacy funds.
Nearly 50 percent of investors are stuck with commitments to so-called ‘zombie funds’, according to Coller Capital's Winter Barometer.
Concern is increasing about struggling funds that will cling to life for as long as possible to keep collecting fees. LPs must get together to kill them off, writes Christopher Witkowsky.
Jon Moulton’s resignation letter to LPs boldly advises winding down the firm’s non-traditional fund and breaking up the portfolio – a suggestion not lost on rivals and secondary investors.
The secondaries specialist is working with several institutions on preferred annex fund-type structures that help LPs to meet capital calls and make fresh commitments.