Overview

GP-led secondaries are often a solution to two of the major structural challenges posed by the private equity model:

  1. that a 10+1+1 fund life does not always track the growth trajectory of underlying portfolio investments; and

  2. investors are increasingly seeking smoother and more regular liquidity during a 10+ year commitment cycle, favouring more active management of investments throughout their hold period over back-ended exits.

In April 2021, we hosted a webinar on GP-led transactions and explained the legal, regulatory and tax issues that arise when executing these transactions. Our multi-disciplinary team of presenters, all with extensive experience in GP-led transactions, identified the importance of the deal structure, not only for tax and regulatory reasons, but also because it is vital that all stakeholders' interests are addressed.

If you are a client of the firm and you would like us to send you a link to a recording of this webinar, please fill out the following form:

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