Alternative Private Equity Structures: Continuation Funds, GP-Led Secondaries, and Permanent Capital Vehicles
Structuring and Negotiating Alternative Private Equity Structures for Investment Managers and Investors
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE course will analyze the current state of the investment market that has given rise to alternative private equity structures focused on liquidity, such as continuation funds, GP-led secondaries, and permanent capital vehicles. The panel will review the mechanics and the pros and cons of these alternative structures.
Outline
- Permanent capital vehicles
- Continuation funds
- General partner-led secondaries
Benefits
The panel will review these and other key issues:
- What are the market factors causing investors to look more closely at alternative private equity fundraising structures?
- What advantages do these structures present for general partners and investors?
Faculty
Colin Fulton
Partner
Willkie Farr & Gallagher
Mr. Fulton is an associate in the Asset Management department of Willkie Farr & Gallagher (UK) LLP in London. His... | Read More
Mr. Fulton is an associate in the Asset Management department of Willkie Farr & Gallagher (UK) LLP in London. His practice focuses on advising sponsors of private investment funds, co-investment vehicles and separately managed accounts, in connection with a broad range of matters, including fund formation and on-going operational matters, co-investments and secondary transactions. Mr. Fulton also advises fund sponsors and managers in structuring their governance and compensation arrangements. He has experience representing investors seeking opportunities in private investment funds as passive investors, co-investors and anchor investors covering numerous sectors and strategies, including buyout, debt, real estate, infrastructure, venture capital, fund of funds and energy funds.
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Brian I. Greene
Partner
Willkie Farr & Gallagher
Mr. Greene is a partner in the Asset Management Group. He regularly advises domestic and foreign sponsors and investors... | Read More
Mr. Greene is a partner in the Asset Management Group. He regularly advises domestic and foreign sponsors and investors of private investment funds in connection with formation, offering, investment and regulatory matters, with a particular focus on the representation of bank-affiliated sponsors and distributors of private equity, credit, infrastructure, real assets and secondaries funds.
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Kyung Woo (Kevin) Kim
Partner
Willkie Farr & Gallagher
Mr. Kim is an associate in the Corporate and FinancialServices Department of Willkie Farr& Gallagher in New York.... | Read More
Mr. Kim is an associate in the Corporate and FinancialServices Department of Willkie Farr& Gallagher in New York. He has concentrated his practice on structuring and negotiating complex businesstransactions for middle-market companies and private equity clients,including mergers, acquisitions,leveraged buyouts and debt and equityfinancings.
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Mark Proctor
Partner
Willkie Farr & Gallagher
Mr. Proctor is a partner in the Asset Management Group. He advises private fund managers on structuring, establishing,... | Read More
Mr. Proctor is a partner in the Asset Management Group. He advises private fund managers on structuring, establishing, and operating private investment funds, including blind pools, co-investment funds, pledge funds, single investment funds, and other investment vehicles. Mr. Proctor also represents fund managers on their internal structuring and compensation matters and frequently advises clients in connection with co-investments and seed investments in asset managers, as well as buyers and sellers in secondary market transactions involving private fund interests and portfolios of assets held by private funds. His practice extends beyond fund managers to include institutional investors and family offices in connection with their investments in various private equity vehicles.
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John M. Knapke
Partner
Willkie Farr & Gallagher
Mr. Knapke is a partner in the Asset Management Department. His practice focuses on private investment funds. In the... | Read More
Mr. Knapke is a partner in the Asset Management Department. His practice focuses on private investment funds. In the area of fund formation, he has assisted sponsors with the formation of closed-end domestic and international funds, including funds focused on growth equity, distressed debt, energy, mezzanine and real estate investments. In addition to his sponsor-side work, Mr. Knapke also regularly advises investors in connection with primary and secondary investments.
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