The 'Secondaries in Focus 2021' special report comprises two separate articles listed below, these can be read individually or as a sequence.

SPECIAL REPORT

Considerations for GP-led restructuring

Considerations for GP-led restructuring

By Fred Lee, Revelation Partners – Transactions led by GPs, including GP-led restructurings, are used as a tool for efficient fund management, benefiting both GPs and LPs. The volume of GP-led transactions has grown alongside volume in the broader secondary market. In 2020, GP-led deals accounted for USD26 billion of deal volume – more than 40 percent of total secondary activity.