Committed Capital
With private equity firms sitting on record levels of dry powder, opportunities for PE investment and dealmaking still abound. Yet complexities surrounding valuation, due diligence and financing are at an all-time high. Hosted by members of Dechert’s Private Equity practice, Committed Capital explores current issues and trends affecting PE globally, featuring conversations with leaders from across the industry.
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Committed Capital
Private Equity Secondary Transactions – Continuation Funds
A key feature of the surge in GP-led secondaries transactions – and in last year’s record breaking $130bn+ secondaries market activity as a whole – has been the rolling of portfolio company assets into continuation funds, which offer GPs more flexibility on hold periods and value creation for their LPs. In this episode, Dechert’s Thiha Tun leads a discussion with Kroll’s David Lee and Columna Capital’s Michael Tose on this trend and whether it will continue.