Regulation

Four lawyers – including three secondaries experts from Dentons, Debevoise & Plimpton and Kirkland & Ellis – discuss GP-led secondaries, ESG and the latest developments shaping private equity.

The secondaries market will play an important role in rejuvenating the economy, and its role will be more flexible, innovative and sophisticated than it has been in past crises.

The limited partner body’s guidance on GP-led fund restructurings is designed to create an industry standard for the execution of these deals. How effective has it been in practice?

An overhang of LPs wanting to sell stakes in funds could delay transfers in order to conform with publicly traded partnership rules.

Sponsors considering running secondaries processes on their funds should be aware of potential pitfalls that can hit carried interest and scupper deals.

Higher fees and difficulty in agreeing on side letters with secondaries funds were among the reasons given.

Secondaries firms with local knowledge and an appetite for bureaucracy could reap the rewards.

Investec Fund Finance’s Slade Spalding discusses options GPs have when raising or releasing equity against their management companies, in this sponsored article.

Law firm Stephenson Harwood's Gabriel Boghossian and Sarah de Ste Croix outline three points of contention and practical steps to ensure effective LPAC operations.

Raising capital in multiple jurisdictions can bring challenges, warns one operating chief.