How to Find Liquidity in GP and LP-Led Transactions April 19, 2021
Partner-in-Charge
Anthony Minnefor is partner-in-charge of the New Jersey and Pennsylvania financial services audit and assurance practice at EisnerAmper.
As LP-led transactions have continued year after year unabated and have grown in sophistication, a large, noticeable trend has emerged in the last 10 to 15 years in the secondary market – the rise of GP-led secondary market transactions. Here’s what private equity firms need to know about this growing trend.
For many years, private equity has been challenged with providing a liquidity mechanism for its large limited partner (LP) investor base. Historically, the primary way an LP could convert its investment to cash before the expiration of a fund’s contractual term would be if the LP itself initiated a transaction and at times participated in finding a prospective buyer.
Bernard Madoff dies in prison
Bloomberg
Bernard Madoff, the Manhattan investment adviser who promised stellar returns to his A-list clients and instead defrauded them in the largest Ponzi scheme in history, has died.
Bernard L. Madoff, the money manager who admitted to running the largest Ponzi scheme in history, died Wednesday at the Federal Medical Center Butner in Butner, N.C., a spokesman from the Federal Bureau of Prisons confirmed. He was 82.
The cause of death is not being disclosed.
Mr. Madoff was charged with securities fraud by the Securities and Exchange Commission in late 2008. He pleaded guilty in March 2009 to defrauding clients in hedge funds managed by his eponymous firm, Bernard L. Madoff Investment Securities LLC. In June 2009, he was sentenced to the maximum 150 years in prison.
Golub Capital Becomes a Signatory to the ILPA Diversity in Action Initiative
News provided by
Share this article
Share this article
NEW YORK, April 7, 2021 /PRNewswire/ Golub Capital is pleased to announce that it has become a signatory to the Institutional Limited Partners Association ( ILPA ) s
Diversity in Action initiative. In doing so, Golub Capital affirms its commitment to promoting diversity, equity and inclusion as a firm and as a leader in sponsor finance. Golub Capital has been dedicated since its founding to fostering a diverse and inclusive culture that empowers employees to grow professionally, said David Golub, President of Golub Capital. We are proud to publicly reinforce these values by joining the
Diversity Efforts at Private Equity Firms Have a Long Way to Go ai-cio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ai-cio.com Daily Mail and Mail on Sunday newspapers.
2021 Top 25 Most Influential Women in Mid-Market M&A
Table of Contents
Congratulations to
Mergers & Acquisitions’ 2021 Top 25 Most Influential Women in Mid-Market M&A! In our 6th annual edition of the list, we honor consummate dealmakers who are also champions of change and powerful advocates for diversity, equity and inclusion.
“Never view your challenges as a disadvantage,” former First Lady
Michelle Obama advises. “Your experience facing and overcoming adversity is actually one of your biggest advantages.” Mergers & Acquisitions’ 2021 Top 25 Most Influential Women in Mid-Market M&A proved her point during the past year. Not only did they overcome adversity, but they used it to their advantage, leading their teams through the pandemic with courage and creativity; closing deals with aplomb; managing remote workers adroitly; and creating and nurturing key business relationships. Many also balanced a range of personal responsibilities, including caring for young chi