Madeleine Farman
Market participants give their predictions for the secondaries market, noting that the amount of dry powder available will limit activity and leave buyers able to cherry-pick transactions.
A recent continuation fund exit by TPG is further evidence that such vehicles can reward investors with the capacity and desire to roll over, or those who opt to back funds investing in these deals.
Unrealised assets in private credit funds sit at around $1.5trn, partner and global head of private credit Rick Jain says.
The Blackstone chief executive shares five pieces of advice – including his 10% rule when it comes to valuations – with Private Equity International.
Getting a fairness or valuation opinion on a private equity GP-led secondaries transaction is a straightforward, albeit costly, task. But in credit secondaries, the rule change creates a cumbersome burden.
Getting a fairness or valuation opinion on a private equity GP-led secondaries transaction is a straightforward, albeit costly task. In credit secondaries, however, the rule change creates a cumbersome burden.
The strategy is ‘poised to scale and become a flagship fund’, executives said on the firm's second-quarter earnings call.
The GP stakes and financing solutions platform is backing alternative asset managers across North America, Europe and Asia, CEO Avi Kalichstein tells affiliate title PEI.
Chief executive Christian Sinding had said on the firm’s Q1 earnings call it was pondering alternative liquidity options including continuation funds.
CVC Capital Partners IX, which is yet to hold its final close, is already larger than Blackstone's $26.2bn record haul in 2019.