Denise Ko Genovese
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Articles by Denise Ko Genovese
Reputational risk, early secondaries help assuage LP default fears
GPs that recently raised are the ones potentially more at risk, but market sources agree widespread defaults would be far-fetched
Idinvest completes secondaries deal for growth portfolio
Manager has transferred 12 companies into a new fund backed by secondary capital
Video: CPPIB's Delaney Brown on improved LP/GP relations
In the fourth of Unquote's Lockdown series, Delaney Brown, managing director of CPPIB, discusses improved GP/LP relations since lockdown began
Video: Coller's Francois Aguerre on PE's reasons to be cheerful
In the third of Unquote's Lockdown series, Francois Aguerre discusses how long-term secondaries prospects are still strong despite the turmoil
Video: OTPP's Topley discusses liquidity squeeze, GP discipline
Joe Topley, head of European funds at Ontario Teachers' Pension Plan, shares his LP perspective on the current state of the private equity market
DWS putting secondary capital to work in late-stage co-investments
Secondaries player has found that offering a mid-cycle co-invest can be an option for PE-backed assets to capitalise on opportunities
Video: Ely Place's Roddick on the latest LP/GP trends
Roddick discusses pre-fundraising campaigns, the denominator effect, allocation lessons learned from the GFC, and more
Main Capital Partners raises €564m for sixth fund
Vehicle reached its €564m hard-cap, following a €535m first close in December
Market braces for 12.6% drop in valuations by Q2 – report
NAVs expected to drop for Q1, with a steeper mark-down for Q2 as the crisis take its toll
GPs turn to preferred equity in hunt for emergency liquidity
GPs seek to raise pots of capital fast to insulate their portfolio companies from the economic fallout of Covid-19
Secondaries players hold fire despite copious dry powder
Market is likely to pause until Q2 2020 valuations are released, potentially leading to a flurry in Q4
Secondaries: opportunistic buyers ready for fund stakes to hit market
With more sellers coming to market, prices are unlikely to stay at pre-Covid-19 heights, which could in turn encourage more opportunistic buyers
Secondaries sea change: Backing your winners
What was once the preserve of the underperformer is now shifting towards the prized asset
Main Capital acquires majority stake in WoodWing
Investment will accelerate software development as well as a buy-and-build strategy
Failed auctions accelerate as sellers' market peaks – research
UK accounts for 54% of failed auctions since 2015, according to the Investec research
Tender offer now out in Permira IV's GP-led process
Current offer is part of a GP-led secondaries process – which began last year – for the remaining assets of Permira IV
Secondaries deal volume up 7% in 2019 – research
Setter Capital's latest research reveals continued momentum in private equity secondaries, with 2020 set to be another record year
Pantheon on road for next credit secondaries fund
First fund closed on €250m in February, with commitments from German LPs only
Tikehau closes GP-led secondaries process with Five Arrows
Secondaries process of six balance-sheet assets was tied to the fundraise for Tikehau Growth Equity II
Hamilton Lane backs Legend Capital fund restructuring
Continuation fund is backed by institutional investors and has a five-year holding period
Ion Pacific targets $150m for VC secondaries fund
Firm focuses on direct secondaries and LP interests in VC funds, as well as GP recapitalisations
Secondaries prices remain strong in Europe amid global dip – research
Setter Capital's latest report reveals a dip in transaction prices for LBOs, funds-of-funds and venture secondaries
Greenspring closes VC secondaries fund on $800m
Fund targets investments in expansion-stage companies as well as LP interests
Hollyport closes Secondary Opportunities Fund VII on $1bn
New vehicle has already acquired stakes in an Equistone legacy fund and in Indigo V