The CFO of a mid-market buyout fund recently told me how disillusioned he was with the secondary sale process. He had spent hours on diligence calls to help an investor sell his position in the fund, only to later […]

Would you be surprised to learn that buyout funds have over $40 billion hidden in off–balance sheet debt? Limited partners often think of hedge funds as the only asset class with hidden liabilities. But if you […]