Secondaries

News

Staples on LP stake sales in secondaries

18 April 2024

It is now no longer uncommon that as a condition to approving the transfer of a limited partner ("LP") interest in a private fund, the general partner ("GP") of such...

Insights and Analysis

Debt for equity swaps in private equity backed companies financed by private debt funds

27 March 2024

Is it Groundhog Day for private equity backed companies struggling to cope with higher interest rates, or is it different this time? The attempts to curb inflation flowing from the...

News

Roll and sell elections on GP-led transactions

29 February 2024

For the investment teams of pension funds, endowment funds, family offices and similar institutional investors investing in private funds, barely a week goes by without their inboxes...

News

SBIC Program Updates: SBA Proposes Technical Amendments to 2023 Reforms and Significant Change to Passive Business Rule

15 February 2024

In July 2023, the U.S. Small Business Administration (SBA) released sweeping reforms to the Small Business Investment Company (SBIC) program. Many of those reforms were enacted through the...

News

Secondaries fund financing: deep diving into security and consents

06 February 2024

With fluctuating capital availability, broadly tightening terms, increasing sponsor demand and pressure on pricing in particular on capital call facilities, the market has been changing, if ...

News

Secondary Portfolio Sales

31 January 2024

Private equity and other illiquid private market investment funds have become increasingly relevant to pension fund investors in recent years as they have sought to diversify a minority...

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