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How GPs can take the lead on GP-leds

On the heels of ILPA’s recent best practices on GP-led secondaries, BRG’s Finbarr O’Connor and Gavin Farrell take a practical look at issues important to LPs, and how GPs can address the guidance as they formulate transactions.

NewQuest seeks almost 60% more for latest fund

The Asia specialist is seeking $850m for direct secondaries and sponsor-led deals, which account for a growing proportion of its investments.
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ILPA arms LPs with ‘best practices’ on GP-led fund restructurings

The Institutional Limited Partners Association's guidance defines status quo options, minimum timeframes for LP decisions and recommends caps on deal expenses.
Arrow On An Old Map

Inside ILPA’s upcoming guidance on GP-leds

Secondaries Investor caught up with the industry body’s chief executive Steven Nelson for a sneak peek at its soon-to-be released GP-led secondaries best practices.

PAI mulls GP-led restructuring on crisis-era fund – exclusive

The buyout firm is exploring options for its 2008-vintage Fund V, which holds the world's third-largest ice cream producer Froneri, in a deal that could be worth close to €2bn.

Morgan Stanley AIP Private Markets CIO to depart – exclusive

Neil Harper, who has been at Morgan Stanley Alternative Investment Partners since 2006 and oversees its secondaries business, is the unit's second senior departure in six months.

AlpInvest to back Oaktree special situations restructuring – exclusive

The Carlyle Group unit is understood to be among buyers involved in the GP-led process on Oaktree Principal Fund V.

Ares mulls GP-led restructuring of Neiman Marcus fund – exclusive

The $3.5bn ACOF III fund is understood to have nine assets remaining, including the US luxury department store.

UBS Asset Management backs Avanath RE restructuring

The bank’s real assets asset management arm has completed the recapitalisation of Avanath Capital Management’s 2010-vintage fund.
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Why emotions are the biggest threat to scuppering a GP-led deal

While GP-led processes can be technically and legally complex, emotions are often the biggest hurdle to closing a deal.

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