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Secondaries
LP stakes, GP-led continuation vehicles, NAV financing and the pricing of liquidity.
Are Rising Yields an issue for the Secondaries Market?
Rising Treasury yields, changing ownership of US debt and the end of the Covid savings glut are pushing the secondaries market toward bigger, more price-sensitive deals.
Private Credit x Secondaries - Are We Creating a New Frankenfund?
NAV financing sits where private credit meets secondaries. A look at 17Capital and the risks and upside for GPs and LPs.
Continuation Funds: The Next Frontier
A primer on GP-led continuation vehicles: why they exist, the conflicts they create, and four emerging fixes.