LP-Led and GP-Led Private Equity Secondaries

In this Mink Learning video, we will talk about LP-led and GP-led private equity secondary transactions.
0:00 - Introduction
0:09 - Private Equity Secondary Transactions -
1:09 - LP-Led Private Equity Secondaries -
1:54 - GP-Led Private Equity Secondaries -
3:30 - Preferred Equity with 17Capital Example -
3:44 - Strip Sale with StepStone Group and Vertex Ventures Israel -
4:13 - Continuation Funds -
5:22 - Final Thought -
5:42 - GP-Led Single Asset Continuation Funds -
6:31 - Mink Learning's Offerings -
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Disclaimer: All investment and financial information expressed in this video is for educational purposes only.
#privateequity #MinkLearning #lp-led #gp-led #gp-leds #privateequitysecondaries #secondaries #17capital #stepstone #vertex #vertexventures #vertexventuresisrael

[@Lofibootleg]

exactly what I was searching for out here at CZcams, thanks a bunch!

[@SteveBalaban]

I'm happy to hear! Thank you for your comment, Derek!

[@ryanmoore5734]

Excellent

[@YSapphireGroup]

Thanks Steve, great explanation!

[@SteveBalaban]

Thanks for your comment!

[@jonathanedward5062]

Very cool. Are Secondaries a thing in VC as well? So far I mainly see it with the HarbourVests, KKRs and Blackstones of this world, i.e. more on the LBO/Growth Equity side.

[@nitishabhaduri6078]

Can you please tell about how to read TB,NAV for private equity fund.

[@jasonduncan9849]

Hi Steve. Do GP Led and LP Led secondaries use Private Credit in the form of "Margin Loans" to fund deals or simply release liquidity on single stocks? Thanks

[@elizabethirene6373]

Steve, thanks for your great content. This comment is unrelated to the topic but I would appreciate your feedback on two things. 1) I'm a finance newbie trying to understand alternatives. What order would you suggest I view your content in, so I get a broad overview and understanding of the asset classes? 2) What does it mean to "invest off a company's balance sheet"? Tyvm!

[@user-bz8zq4mk3l]

A real nice video buddy keep it up 👍🏽👌🏽

[@SteveBalaban]

Thanks so much for your comment!

[@noahramonweber9924]

Isn‘t there a big conflict of interest in a continuation fund? How does it in practice usually work if the GP has to value their portfolio company for a roll-over into their continuation fund?

[@akshayshete4827]

Who pays management fee Lp only or both LP and GP ?

[@YahyaRaoMK]

GP’s do not pay a management fee, they receive it from the LP’s because they are doing the work of investing the capital.

[@shounakchatterjee1823]

Steve i had a small request commented on your last video to cover on the topic that how a new PE firm will build a strong relationships with investors. Pls make a video on this topic, it's too important for me🙏🙏

[@SteveBalaban]

Thanks Shounak! I have included links to two of our videos that I think will answer your questions.
We have a video titled "5 Tips to Raising a First Time Private Equity Fund" here: bit.ly/3MfvRsr
We have a video titled "How to Build Relationships in Private Equity" here: bit.ly/3M8X4Nt
Do these answer your questions? If not, what could be helpful?

[@shounakchatterjee1823]

@@SteveBalaban Thanks Steve for replying, i am going to check those😊