Home Leverage

leverage

Nomura Securities Young Gun departs bank – exclusive

Richard Golaszewski, an almost decade-long veteran of the Japanese banking giant, has left to pursue a new opportunity.

Leverage helps secondaries defy Q4 public slump

Deal volumes so far this year point to a bigger first quarter than last year, according to advisor Triago.

Five charts on the secondaries market in 2018

Interactive charts showing return expectations, drivers of pricing, use of leverage and other key points from Evercore and Setter Capital's full-year reports.

Credit Suisse: pricing hit record high in 2017

Buyout stakes trading at 10% premiums to NAV last year were 'not uncommon'.

HVPE cashes in as HarbourVest embraces credit lines

The use of debt to delay capital calls saw HVPE’s distributions outweigh investments last year.

Why secondaries are not a free lunch: the myth of better performance

In the second part of our series, Cyril Demaria, head of private markets at Wellershoff & Partners, examines the evidence that secondaries perform better than funds of funds.

Subscription credit lines: what we’ve learnt

We round up the key takeaways from sister publication Private Equity International's coverage of fund finance, such as that these lines arguably make the most sense for secondaries.

ABCs of fund finance: credit facilities for secondaries and FoF

Sponsors of secondaries and funds of funds should be mindful of several key issues that can arise when structuring and negotiating these financing arrangements, according to law firm Dechert.

Fund finance focus: don’t neglect the positives

The use of subscription facilities by funds has seen its criticism, but the practice is not without its positives, write Thomas Smith and Almas Daud.

Subscription lines may restrict LP stake transfers

Providers of subscription lines are increasingly looking to take control of LP transfers, according to lawyers at Debevoise & Plimpton.
si
si

Copyright PEI Media

Not for publication, email or dissemination