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...
Publications
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...
News
CTA regulations set to take effect in January 2024 with obligations for some private fund sponsors
14 November 2023
Effective January 1, 2024, new Treasury regulations under the Corporate Transparency Act (CTA) will require many U.S. entities and foreign entities doing business in the United States to...
News
Direct auction sale or GP-leds: the alternative dual track?
19 October 2023
Private equity funds have, in the past, run dual track exit processes in which an exit by way of initial public offering (“IPO”) or direct auction sale have been simultaneously...
News
Minority equity sell-down transactions
27 September 2023
In this special report for Financier Worldwide Magazine, we explore the drivers, advantages and challenges of minority equity sell-down transactions, for private equity sponsors seeking an...
