Rod James
Cheap, borrower-friendly loans proved a comfort to LPs and GPs at SuperInvestor, despite sentiment indicators ticking down this year.
The investment firm has hired Olga Kosters to lead the launch of its debut debt secondaries vehicle.
Blue chip managers are using stapled secondaries deals to boost fundraising and provide liquidity to LPs. In this 17-minute podcast, lawyers from Proskauer, Debevoise & Plimpton and MJ Hudson discuss how GPs and LPs should approach this growing transaction type.
Subsidiary Azalea Asset Management had been acquiring stakes on the secondaries market with the intention of using them in its Astrea IV collateralised fund obligation.