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LP attitude to secondaries remains positive – PEI survey

Expect another year of healthy trading in the market for second-hand fund stakes.

PODCAST: Why GP-led secondaries is the next big thing

From stapled deals to restructurings, tender offers to strip sales, Andrew Sealey, managing partner and chief executive of Campbell Lutyens, discusses the different types of GP-led deals and how they can benefit all parties.

The year infra came to the GP-led party

The closing of Manulife Financial's stapled deal in June – among the largest in North America this year – is further evidence that large asset holders and managers have a third option for their assets.

F2i closes innovative third fund on €3.6bn hard-cap

The close comes after a ‘strict and intellectually rigorous process’ to roll over assets from the Italian group’s first fund, chief investment officer Carlo Michelini tells us.

Secondaries market will ‘only get larger’

And it isn’t just the growing number – and size – of the primary infrastructure vehicles that will fuel secondaries’ growth, Campbell Lutyens’ Gerald Cooper explains.

Five things to expect from ILPA’s guidance on GP-leds

Expect a document that gets into the weeds when the LP body issues its best practices for fund restructurings.

ILPA to issue guidance on GP-led restructurings

The industry body, which represents $2trn in PE assets, plans to publish an update to its private equity principles as early as this year.

CalPERS seeks secondaries lawyers

The pension fund is looking for law firms to help it exit private investments, according to a request for proposals.

Pantheon boosts Asian infra business with Tokyo office

The outpost will focus on investor relations, especially infrastructure client service, it is understood.

Stafford holds €400m final close on infra secondaries fund

The vehicle has already made six investments in infrastructure managers from Europe, the US and Australia, equivalent to around 25% of capital raised.

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