Unique Features of GP‑Led Private Credit Secondaries Funds

Cleary Gottlieb partner Adrian Leipsic was featured in the article, “Unique Features of GP‑Led Private Credit Secondaries Funds,” published by Private Equity Law Report.

The article examines unique structural and transactional features of GP‑led private credit secondaries funds, including the complexities of purchase price calculations wrought by the numerous inflows and outflows of various types of private credit assets and the array of potential for conflicts of interest for sponsors to manage related to asset valuations, the sale and purchase of assets, and the use of leverage.

Read the article (subscription required).