Regulation

Based in Paris, Antoine Sarailler will focus on fund formation across private equity, infrastructure, credit and real estate, as well as primary and secondaries transactions.

LPs and GPs pass their judgment on the industry body's updated guidelines, with GP-led secondaries deals a prominent theme.

The LP body’s latest best practice guidance recognises the growing role of GP-led secondaries.

The release of former restructurings expert Andrew Caspersen should remind the private equity industry more scrutiny is a good thing.

While many credit funds wrap up cleanly, a lot don’t, and lenders are left to navigate how to deal with leftover loans and investor commitments.

Norinchukin Bank’s $5bn portfolio sale is driven by regulation, but it may well be some time before similar deals come to market.

The portfolio, worth up to $5bn, comprises around 35 positions and is 75% unfunded, Secondaries Investor revealed in March.

More mega-deals, the pros of a market downturn and how participants are dealing with limited resources – just some of the topics discussed at sister publication Private Equity International’s recent roundtable.

Disclosure, the role of the LPAC and status quo options may make some GP-led restructurings unaligned with the industry body's guidelines, according to Cleary Gottlieb.

Running a fund restructuring can be virgin territory for GPs; ILPA’s latest guidelines will be as helpful to them as it will to its members.