HQ Capital Private Equity specialist since 1989 US$ 9.40 bn. Committed since inception 27 This site uses cookies Please select which cookies you agree to be used. For further information and notes, please refer to our privacy policy. Necessary cookies Marketing & analytics cookies Accept all Accept selected

Insights Portfolio Balance in Secondaries Veröffentlicht am 10/20/21 Traditional or GP-led? A question often posed to secondaries fund managers goes something like this: “Do you focus more on Traditional secondaries or GP-led deals?” Traditional secondaries are defined in many ways but the common denominator across all definitions is the inclusion of portfolios of LP interests. At HQ Capital, we categorize Traditional secondaries into the following five sub-types: (i) LP portfolios, (ii) single LP interests, (iii) early secondaries, (iv) late primaries, and (v) tail-end purchases. With regard to GP-led deals, HQ Capital categorizes transactions into the following two sub-types: (i) fund restructurings (which includes continuation vehicles (“CVs”)), and (ii) tender offers. While there are slight discrepancies firm to firm, most of the industry will define Traditional secondaries and GP-led deals in a similar fashion. Benjamin Wilson Managing Director | Senior Investment Team HQ Capital Diese Website verwendet Cookies Diese Seite verwendet Cookies, um die Nutzerfreundlichkeit zu verbessern oder das Nutzerverhalten zu analysieren. Bitte wählen Sie aus welche Cookies genutzt werden dürfen. Weitere Information und Hinweise entnehmen Sie bitte unserer Datenschutzerklärung. Notwendige Cookies Marketing & Analytics Cookies Alle akzeptieren Ausgewählte akzeptieren