Capital Creation 2015 (past event)
28 - 30 September, 2015
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Tim Griggs
Managing Partner
Bluetower Associates
Day 2
Tuesday, May 9th, 2017
12:10 INTERVIEW: The rise of PE Fund Restructuring/Recap transactions in Secondaries- An emerging asset class?
- The anatomy of a GP-led restructuring transaction (who are the players and how does it work? Role of GP, advisors, LPAC etc);
- Why are they so complex and differences from traditional fund portfolio secondaries; How does pricing and the overall risk/reward of these deals differ?
- Main challenges/risks to the asset class
- What is driving the growing wave of fund restructuring/recap deals (end of life funds, LP liquidity solutions, GP incentives etc)
- Is it a fad or is it sustainable?
- What type of buyers are emerging and what are implications for LPs and GPs
- How should LPs deal with these deals (pitfalls and issues)