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GP-Leds
The 2021 annual advisory reports cover more facets of the market than ever. Here are some interesting findings, compiled by Secondaries Investor.
The London-based manager's fourth fund is the second big first close by a secondaries buyer this week.
The firm is expected to hold the final close on its latest programme before end-June.
The €21bn transaction is the second large recap the firm has done in five months that utilised little or no secondaries capital.
The US regulator's definition of what an adviser-led transaction refers to is not clear in its recent proposals, according to law firm Morgan Lewis.
Blackstone’s Mileway deal is further evidence liquidity doesn’t have to come from the secondaries market – and that’s not necessarily a bad thing.
The former ILPA chairman and CalPERS veteran tells Secondaries Investor that a lack of transparency in GP-led deals can backfire on GPs.
The Swiss lower-mid-market secondaries firm has made five hires, mainly in its investment team.
GP-led deals drove secondaries volume to record levels last year, reaching more than an estimated $134bn.
Several recent single-asset secondaries deals have had their valuations set by earlier minority stake sales.