Secondary
Interest Purchases
Institutional and private investor commitments to private equity funds have grown significantly in the last several years due to private equity’s superior return and diversification characteristics. However, the illiquid nature of private equity interests limits investors’ options when their needs change.
Sophisticated
investors seek to sell their private equity interests to:
• Meet changing cash and liquidity circumstances
• Obtain
release from continuing funding obligations
• Rebalance
a portfolio to conform to asset allocation targets
• Redirect
resources to more strategic needs
• Focus
on a smaller number of investment managers
• Respond
to a changed view of a fund’s prospects or the fund managers
• Divest
non-core assets obtained as peripheral assets in larger transactions
• Conform
to regulatory changes
• Eliminate
the overhead and cost associated with private equity investment management
Sellers
of secondary interests view MidCoast Capital as a preferred purchaser
because:
• As managers of private equity funds and direct investments for
over twenty years we have an intimate knowledge of all aspects of the
private equity world, making for a faster, easier transaction for the
seller.
• We are
discreet and can accomplish our due diligence quickly and with a minimum
of involvement from the general partners of the fund and the seller. We
enjoy the respect, and access, that comes with being long-time peers to
private equity fund managers.
• We customize
transaction structures to meet the needs of the seller – many purchasers
will only consider an outright purchase. We and our clients represent
a wide range of investment size ranges, making both large and small purchases
of interest to us.
We welcome inquiries regarding the sale of existing partnership interests and will treat all such inquiries with the strictest confidentiality.
Click
here to learn about:
• Diversified
Private Equity Investments I
•
Diversified Private Equity Investments II