Capital raising for secondaries vehicles exceeded the $19.74bn raised in the first three months of 2016, the previous high.
The limited partner body’s guidance on GP-led fund restructurings is designed to create an industry standard for the execution of these deals. How effective has it been in practice?
The Boston-based asset manager is in market with flagship secondaries fund Dover Street X.
We caused a stir with reports of unnamed LP defaults last week; was it a storm in a teacup?
An overhang of LPs wanting to sell stakes in funds could delay transfers in order to conform with publicly traded partnership rules.
Two European LPs have already defaulted on capital calls, and more are rumoured, creating a potential pool of early secondaries opportunities.
The retailer at the centre of one of last year's largest single-asset deals is preparing for a 'very tough' Q2.
Limited partners who have piled into the asset class in recent years could be left severely overweighted in private equity unless public markets see a significant recovery.
David Larsen, a managing director at Duff & Phelps, says investors should seek guidance from their GPs as to likely discounts.
Higher fees and difficulty in agreeing on side letters with secondaries funds were among the reasons given.