17 May 2022
2021 saw the highest volume of GP-led secondary transactions in history, estimated to have reached over US$63 billion in deal value. This growth is expected to continue as market perception further evolves from viewing GP-led transactions as solutions for underperforming assets to more flexible liquidity solutions, including for the retention of high-quality assets.
As Part V of Clifford Chance’s series on “Decoding” the Secondary Market, we explore some of the key trends and considerations for GP-led transactions.
'Decoding' the Secondary Market
2 October 2019
‘Decoding’ the Secondary Market Part II: Preferred Equity
11 May 2020
‘Decoding’ the Secondary Market Part III: Annex Funds
7 July 2020
'Decoding' the Secondary Market Part IV: Continuation Funds
1 September 2020
Liquidity and Alternatives: Exiting alternative positions for LPs
27 May 2020