Legal

The continuation fund is worth $1.7bn and holds assets including a specialty chemical maker, a dental practice management company and a wire and cable producer.

The organisation aims to cut down on the time, money and energy put into the NDA process.

Alpine Investors lifted employment services provider TEAM Services Group out of its 2013-vintage fund in a $362m deal.

Private funds that ignore the new SEC Rule 2a-5 do so at their own peril, says a Duff & Phelps valuations expert.

Record volumes, lots of new entrants and GP-led deals with a little more 'hair on them' are among trends to look out for this year, according to industry leaders.

Debevoise & Plimpton worked on $9.7bn of secondaries transactions in 2019, all in private equity, according to Secondaries Investor's latest legal survey.

The number of funds coming to market openly offering discounts for early-bird commitments or big ticket sizes is dropping, according to research seen by sister title Private Equity International.

Proskauer advised on $20.9bn of secondaries deals last year, one of the most active law firms in the market.

The law firm advised on more than 150 secondaries transactions in 2019 with a value of $17.5bn, according to Secondaries Investor's annual law firm survey.

Clarity on withholding tax issues for non-US investors means secondaries trades can now be conducted with greater ease, write Macfarlanes’ James McCredie and Florence Barnes.