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With a record $95.6bn raised for secondaries vehicles last year, the question is how the fundraising party will carry on.
Celeste Barone has been named president and chief client officer of 4Pines Fund Services.
The firm is among a group of mid-sized buyers that focus on lower-mid-market and mid-market secondaries deals.
The value in the range of liquidity options available to private equity managers lies in their bespoke nature, write Katie McMenamin and Ed Ford in this sponsored article.
And why your next subscription credit facility will be more expensive.
The Neuberger Berman unit has securitised future cashflows from underlying GPs' management fees to return distributions to its LPs.
The latest guidance from the LP body encourages GPs to disclose net IRR with and without the use of such facilities, in addition to the methodology used to reach that figure.
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.
In the first of a series on the implications of leverage use by secondaries funds in a downturn, we look at fund-level facilities.
Investec Fund Finance’s Slade Spalding discusses options GPs have when raising or releasing equity against their management companies, in this sponsored article.