In our new Talking. Secondaries. series, we will seek to demystify the secondaries and synthetic secondaries markets and provide insights into the variety of tools available to GPs when looking to provide liquidity to their limited partners and their portfolios.
In the second instalment in the series, we examine a single fund interest/portfolio sale, typically the simplest form of secondary structuring. We outline the key items to consider as well as any potential advantages or disadvantages of such transactions.