Chris Witkowsky
It’s instructive to see the evolution of the market, including various ways to provide liquidity to investors in older funds, even when some more traditional exit paths are closed.
Around 14% of GP-led market volume in the first half involved growth and venture capital, which was up markedly from the first half last year, according to Lazard’s half-year secondary volume report.
As some portfolio companies have thrived and grown beyond expectations, many firms are looking beyond the traditional public filing for solutions.
Deal attribution is a major factor in helping potential fund investors understand the track record of the founders.
Albert’s departure comes as Patient Square moves through fundraising for its second private equity pool.
Architect is out in the fundraising market that has been battered by slow exit activity and limited partners reluctant to extend themselves outside of their deepest relationships.
When a CV asset goes bankrupt, if the restructuring plan calls for equity to be wiped out to make sure creditors are repaid, that includes CV investors and rolling LPs.
Sousou’s retirement comes as TowerBrook, formed in 2005, raises its sixth fund, targeting $4bn.
Maintaining a relationship between two private equity professionals can be a challenge, as work and travel take up most of their time. 'It forces us to be intentional about how we spend time together.'
As the continuation fund market evolves and expands, it’s inevitable that some of the assets would fall into bankruptcy.