X
    X
    X
    X

    Edwards Wildman’s Heather Stone Comments on the Burgeoning Secondaries Market in Unquote

    News
    Heather Stone, a partner in Edwards Wildman's Boston office and chair of the firm's fund formation practice, discussed how the burgeoning secondaries market means the alignment between existing LPs, incoming investors and GPs requires more careful thought than ever before in Unquote. In the article, "Secondaries: A Balancing Act," Stone noted that two key negotiations take place when a secondary transfer is underway, stating: "The first is between the seller and the buyer, for a single stake or a pool of interests – this stage doesn't require any involvement from the GP. If the transaction concerns a single stake, the transfer is usually straightforward; although the outgoing LP does need to engage with the manager early to obtain permission to disclose information, as the LPA will carry a non-disclosure agreement."

    Explore Additional Topics

    Disclaimer

    Please understand that your communications with Locke Lord LLP through this website do not constitute or create an attorney-client relationship with Locke Lord LLP. Any information you send to Locke Lord LLP through this website is on a non-confidential and non-privileged basis. Therefore, do not send or include any information in your email that you consider to be confidential or privileged.