Buyouts staff

Secondaries GPs have had to get more granular in their approach through the pandemic while the competition continues to intensify, says Pomona Capital founder and chief executive Michael Granoff.

With so many options on how to provide liquidity to investors, Northleaf managing director Matthieu Ducharme details the structures available to mid-market GPs and the related pitfalls to avoid.

Buyout and growth capital investors are embracing a broad range of GP-led solutions, say W Capital Partners managing partner and co-founder David Wachter and partners Blake Heston, Todd Miller and Katie Stitch.

The secondaries market universe is growing. ‘To boldly go where no person has gone before,’ participants will be judged on market positioning and applicable returns, say PJT Park Hill managing director Darren Schluter and partner David Perdue.

With GP-led deals taking the spotlight in the secondaries market, Jeff Akers, head of secondaries investments at Adams Street Partners, shares what that could mean for risk-return profiles.

Concentrated GP-led secondaries dominated in 2020, but buyers are seeking diversification once again, says Gerald Cooper, head of Campbell Lutyens’ North America secondaries advisory.

In a maturing market featuring multiple new entrants seeking to deploy greater amounts of capital, specialist expertise is key to delivering consistent outperformance, says Hollyport managing partner John Carter.

As GP-led processes continue gathering momentum and LP portfolio deals are likely to surge on pent up demand, Proskauer partners Mike Suppappola and Chris Robinson highlight key focus areas for buyers.