Staff Writer
Co-investments can add incremental, tactical private equity exposure for a typically lower all-in cost, say Adams Street’s David Brett, Michael Taylor and Craig Waslin.
Firms that provide primary fund capital may have a distinct advantage in secondaries investing, say LGT Capital Partners’ Martha Heitmann and Andrew DiGeronimo.
As GP-led secondaries continue to grow in popularity, TPG’s Michael Woolhouse and Matt Jones argue that these are a distinct discipline from their LP counterparts, requiring specialization to flourish.
Sponsors need to be realistic about price and commit incremental equity on top of a 100% rollover to stand out in today’s market, says Andrew Gulotta, a partner at Sixpoint Partners.
The compelling benefits of the GP-led market have fueled a 5x growth in depth and breadth, and that growth is only accelerating, say W Capital Partners’ David Wachter and Todd Miller.
Continued volatility is bringing many opportunities for secondaries players. The biggest risk is spreading yourself too thin, says Carlyle AlpInvest’s global head of secondaries, Chris Perriello.
With LPs looking to rebalance, the future of secondaries might look more like the past, with rewards for those GPs willing and able to take a back-to-basics approach, according to Steve Costabile, global head of private funds at PineBridge Investments.
A successful ESG strategy requires focus on the voices that matter and assembling cross-functional teams to take action, says Chris McClure, partner and ESG services leader at Crowe LLP.
Financial returns and positive societal impact can go hand in hand, say Mona Sutphen, partner and head of investment strategies, and Jon Samuels, partner, head of impact and co-head of Vistria PRG, at The Vistria Group
As ESG moves from niche to mainstream, the discussion is shifting from ‘intentions’ to ‘actions.’ Sarah Borg-Olivier, George So and Morty White of Instar Asset Management discuss how businesses can make a real difference.