Summary: THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: The private equity market will be profoundly affected by the huge supply of unexited portfolio companies, and secondaries strategies will increasingly play a role in providing badly needed liquidity, according to Ian Charles, a Partner at Landmark Partners. In a Privcap interview, Charles describes the trends behind two high-profile fund-restructuring deals by which some LPs were taken out of mature funds managed by Willis Stein 8 Partner and Behrman Capital, while other LPs stayed on with revised partnership terms. Also discussed: The value “trapped in funds that are over 10 years old,” and why pricing competition means secondaries buyers must hunt for deals in misunderstood pockets of the market. Charles will be among the many experts presenting at the upcoming IIR conference, Market Leaders in Secondaries, to be held December 4 in New York. Learn more and register here. Registered users of Privcap may access the 8-minute chaptered video program, the full transcript and the audio-only version, as well as Privcap’s entire archive of thought-leadership content. Register here - it’s quick and it’s free
