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Many managers have concluded they don’t want to lose out on future growth of assets they’ve developed over a number of years, and continuation funds provide a structure to make that happen.
The investment bank brought in Evercore senior managing director Rodney Reid last year to head its global private funds advisory group.
The boutique investment bank is bringing on executives from M2O and Lazard to work alongside secondaries advisory head Mike Custar.
Innovative multi-asset transactions and deals that offer broad sector exposure are likely to be on the continuation fund menu this year, say Jeremy Duksin and Jonathan Abecassis in this sponsored Q&A.
Funds set up to allow sponsors to hold assets for longer typically must satisfy both an IRR and MOIC hurdle, research from law firm Paul Hastings has found.
Justin Johnson and Chad Rucker of valuations and fairness opinion provider VRC take a look at the regulator’s aims for continuation funds.
Konnin Tam, Steve Lessar and Veena Isaac were fired by BlackRock Monday morning to pre-empt their departure, just as the firm returned to market with a new secondaries fund.
The Conshohocken, Pennsylvania-headquartered alternatives manager is in market with its sixth secondaries fund, having raised $3.9bn for its predecessor.
Writing the biggest cheque doesn’t necessarily mean you structured the transaction – or bothered to have a beer with the counterparty to get to know them.
The GP-led market is growing at record speed, making insightful due diligence and investment discipline more important than ever, say Boriana Karastoyanova, Philipp Patschkowski and Ben Perl in this sponsored Q&A.