GP-Leds

While the adoption of venture capital sponsor-driven transactions is in the early stages, the technology is already adapting to the nuances of the asset class.

Sponsors are increasingly turning to GP-led deals to manage their portfolios and more capital is needed to meet growing demand, says Scott Humber at Landmark Partners, an Ares company, in this sponsored Q&A,

While GP-led clauses in fund agreements are not a silver bullet, certain LPA provisions could help GPs and LPs better navigate these transactions should they arise.

GP-led deals are flying high as more sponsors look to the secondaries market to hold on to prized assets for longer.

Argosy Strategic Partners, the firm's secondaries unit, exceeded its fundraising target in just five months since its first close.

Certain types of deal may not require a fairness opinion, a case likely to be made to the regulator during the ongoing consultation period.

The move is significant for the Canadian pension giant, which until now had been unable to back such deals via its secondaries unit.

Charles Wan, whose departure from Atlantic Pacific was reported in January by Secondaries Investor, will hire up to six people to cover Asia on a primary and secondary basis.

ILPA’s upcoming guidance has been spurred by investors’ annoyance at unreasonable deadlines and the amount of work needed to make decisions on these deals. The secondaries community should take note.

The $500m deal centred on Micross Components, which has grown its revenue 10x over the last five years.