Unquote Private Equity Podcast: Spotlight on GP-led secondaries
Unquote looks into the growing GP-led secondaries market and speaks to Ed Ford and Sacha Gofton-Salmond, partners at law firm Travers Smith, about the market perception of GP-leds and the structuring of these deals.
GP-led secondaries have been gaining increasing traction in the private equity market. Sponsors are shifting from using continuation funds to remove the problem assets from their funds, to instead using these structures to make the most of the best-performing portfolio companies – while also providing liquidity for any LPs who do not choose to roll over into the new structure.
Structuring a deal to avoid potential conflicts remains key, as does finding a way to break through in an increasingly competitive environment.
In addition to the interview with Ford and Gofton-Salmond, Harriet Matthews hosts PE and healthcare reporter Rachel Lewis to discuss the current market and the future of this growing segment of the secondaries space.
0:00 – Intro
6:26 – Interview with Ed Ford and Sacha Gofton-Salmond
23:53 – Links to the primary fundraising market
25:56 – Secondaries fundraising trends
28:18 – Are GP-leds here to stay?
You can listen to the podcast in the audio player above, as well as your favourite podcasting platforms, including Spotify and Apple Podcasts.
Theme music: ©2012 Kick Up The Fire
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