A new paper by Phil Huber looks into the world of GP-led secondaries in the private equity world.
Huber touts the intriguing investment opportunity that continuation vehicles offer to investors, and asserts that these vehicles are becoming essential to the current private equity ecosystem.
Compared to LP-led secondaries, continuation vehicles, he says, are typically less diversified, have higher expected returns, shorter durations, lower fee structures and narrower discounts.
To read the full paper, click here.
