The Rise of GP-Led Secondaries
In this article for Financier Worldwide, Kirkland partner Jacqueline Eaves discusses GP-led secondaries transactions, related challenges, and the outlook for the sector.
“The second half of 2020 saw unprecedented deal volume for so-called ‘GP-led secondaries transactions’. Once a niche strategy employed to realise value from tail-end assets or ‘zombie funds’, GP-led transactions have become a well-established, mainstream tool for sponsors to proactively manage portfolios, including their highest-performing assets...”
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This article appeared in its entirety in the September 2021 edition of Financier Worldwide.