Senior Vice President, LP Advisory at Setter Capital- Secondary Market Advisory | Host of Women of Secondaries Podcast | Founder of KulKat Entertainment Inc.
We see this very often in deals, the request of a staple, but I personally think there are ways to navigate this, with everything being above board , both for the selling LP, buyer and the GP. We have had situations where the GP preferred buyer who could also do a staple, actually price the fund better... because they want to strengthen that relationship, and ultimately of course have had situations where the GP preferred buyer is the bad actor in the equation, leveraging their preferred position to down play price for the seller... it's all part of the negotiation process. #secondaries #setterstrong
Do staples negatively impact the pricing of a secondary? While respondents to a recent SecLink Poll believe that a staple, more often than not, lowers pricing of the secondary component, experts are divided. SecondaryLink spoke with Calvin Marks of Felicitas Global Partners, Jeffrey Bollerman of Raymond James and Larry Abraham-Ajayi of Setter Capital Inc. for their insights. #Secondaries #Secondary #SecondaryMarket #AlternativeInvestments #PrivateMarkets https://lnkd.in/eSyMERDY
