Ts & Cs

The secondaries market is more seller-friendly than ever, allowing sponsors to push terms that surprise even seasoned pros. This is unlikely to last.

Strong buyer demand is allowing some GPs to drive better terms for themselves on manager-led deals, according to panellists at PEI's Women in Private Equity Forum.

Market participants from Evercore, Partners Group, Debevoise & Plimpton and Ropes & Gray share their perspectives on running a secondaries auction process that works smoothly for all parties.

Two European LPs have already defaulted on capital calls, and more are rumoured, creating a potential pool of early secondaries opportunities.

As AlpInvest Partners seeks $8bn for its latest secondaries programme, we look at the Carlyle Group subsidiary's performance so far.

The fees and carry of Lexington Capital Partners Fund IX were revealed in US pension documents.

Details of ASF VIII's carried interest, management fee and GP commitment were disclosed in a document seen by Secondaries Investor.

The LP-friendly limited partnership agreement is intended to cut down the need for negotiation and side letters when establishing a private equity fund.

Secondaries funds raised over the last five years used 19% of committed capital for repeat purchases, according to the advisor and placement agent.

The strategy has returned 15.5% since inception, as the pension fights pressure on returns by co-investing with its secondaries partners.