The document explains the concept of secondary private equity investments, which involve investing in existing PE-backed companies, typically through the purchase of fund interests. It highlights the complexities and inefficiencies of secondary transactions due to the absence of trading markets and the need for expertise. The secondary PE market has evolved to include the sale and purchase of Limited Partner interests, direct PE investments, and bespoke liquidity solutions for General Partners.
doj/DataSet10/EFTA01390281.pdf
{"key_people":["Ian Slome"],"document_type":"correspondence","document_subtype":"memo","key_organizations":["Glendower Capital"],"reference_numbers":["GLDUS138","DB-SDNY-0094732","SDNY_GM_00240916","EFTA01390281"]}