Adam Le
Speaking at PEI Group's NEXUS 2024 summit, the Carlyle co-founder said his firm could have done a better job developing its non-institutional offering in the past.
A stipulation that capital distributed to LPs via NAV facilities can be recalled is creating headaches for some investors.
A footnote in the US Securities and Exchange Commission's new rules suggests continuation funds structured as cross fund trades won't be subject to third-party fairness opinion and valuation letters.
Some LPs have felt so frustrated at the way continuation fund processes have been run that they have decided not to re-up with their manager, representatives from the investor body told Secondaries Investor.
Michael Arougheti, Ares' chief executive and president, has previously said the secondaries industry is at an 'inflection point.'
In our final episode of Private Markets and the end of Cheap Money, we hear from IMCO, Oaktree Capital, BC Partners and more on what investment professionals there keep their eyes on in the era of higher borrowing costs.
In this second episode of our miniseries Private Markets and the End of Cheap Money, we talk to LPs about allocation shifts, impacts on fundraising and what investors are looking for out of their GPs as rates rise.
The firm, which has raised €2.6bn for its debut lending fund, estimates the size of this market could grow to $700bn by the end of this decade.
Devlin, a prolific commentator and prominent lawyer in the private equity industry, has advised some of the market's biggest players on secondaries, M&A and co-investment deals.
The secondaries market is expanding private equity access to individual investors and defined contribution pension plans.
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