Private Equity: Perspectives of Limited and General Partners - Jean-Marc Cuvilly, Triago

How can a limited partner bow out of a private equity fund before the partner's commitment is over? The opaque and illiquid nature of PE funds by definition makes the leave-taking difficult. Sometimes a limited partner needs the help of an outside advisor to navigate the potential landmines in the secondary market. Jean-Marc Cuvilly, a partner at one such advisor, Triago, offers a guide to the problems and the potential of looking for a buyer.
For more on this class session, see: knowledge.wharton.upenn.edu/pe...
#private #equity #documentary #Wharton

[@plusricky]

Hey you guys do a great job sharing content through KZbin and Coursera and probably a lot more channels. Just wanted to say, Thank you! Hopefully, this generous sharing continues in the future.

[@wharton]

Thank you, we appreciate the feedback! You're correct, we are also on Twitter, Facebook, LinkedIn, and Google+. Hope to see you there.

[@wharton]

@itzfaizan Although the case materials are not available, there is additional information on this class session at the link at the bottom of the video description. Hope this helps.

[@AlagarGandhi]

The link is no longer working. can you please share if it still exits somewhere?

[@SarahSobieski]

Great information on the secondary market of the PE world... I shared your video with a business associate who needed advice. Thanks!

[@leecoleman822]

Triage : an excellent discussion . Thank you , and ascend in peace j.m. Cuvilly

[@shannonmcintyre9117]

The whole truth is priceless. Not just quarterly.

[@offwallstreet6386]

Very interesting class! I enjoyed how Mr. Jean Marc Cuvilly had an open dialogue which flowed based on the students thoughts.

[@sukilee73]

This one is super hard. Without any concepts clearing and other information, it is hard.

[@BirdDogRealEstate]

1:04:24 great question 💯 currently March 22, 2023 3/22/23

[@shannonmcintyre9117]

I think long term valuation of the stock in comparison with short term interest, timing in regards especially with reputation.

[@shannonmcintyre9117]

What variables are you working with if a rival company has the portfolio?

[@shannonmcintyre9117]

If The growth after x is what is earned, are the same board members in charge?

[@itzfaizan]

Can we get hold of the case as well so that it would be better in comprehending this whole discussion. any links?

[@wizardofthedecade]

Could someone maybe provide the example case of Lago Endowment?

[@photographyplug]

Nice

[@shannonmcintyre9117]

Can you raise capital for your portfolio then lose it because of price coding?

[@shannonmcintyre9117]

Is pricing color coded?

[@papaknowsbest9144]

really need the slides

[@georgegreen8836]

Is an MBA with a finance focus the wiser choice when choosing to go into private equity?

[@dac8939]

No. Leading Masters in finance

[@shannonmcintyre9117]

Are there board members with direct influence on timing,reputation,confidentiality? Which of course affect pricing.

[@shannonmcintyre9117]

New to class however.

[@shannonmcintyre9117]

What if you buy bane 10 but receive something else?

[@shannonmcintyre9117]

I think misrepresenting the information in general does nothing to clear confusion.

[@annajones9701]

Top chad

[@user-ic5os5in9o]

could anyone tell me how to get the 8% of discount to total exposure?

[@jordanf8326]

It is just the discount to NAV. When buying a fund on the Secondary market, the buyer will often negotiate a discount. However, some of the premier funds have actually been sold at a premium recently (another indicator the market is overheating!)

[@user-lp6ye7ro2i]

the total exposure is 44/50=88%, the discount shouldn't be 12%?

[@nikhilnegi6979]

@@user-lp6ye7ro2i The total exposure is actually 46/50 = 92%, the seller is getting 6MM because he put up 2MM after record date, so it is actually selling at 4MM, therefore the discount is 8%

[@nikhilnegi6979]

The total exposure is actually 46/50 = 92%, the seller is getting 6MM because he put up 2MM after record date, so it is actually selling at 4MM, therefore the discount is 8%

[@shannonmcintyre9117]

What is needed to own your own portfolio?

[@RserBot2]

Cash

[@shannonmcintyre9117]

It seems to me that a long term investment would be more valuable than a short sell.

[@shannonmcintyre9117]

Just coming from the viewpoint of say yada yada.

[@iceyred6668]

Gwen 4th admendment University=+=sPrincetonY'U

[@jmglobaltrade9436]

I want to thank you for this video that is absolutely impossible to understand (was) because now I can simply type: who is fund to fund guys? in chat gpt and its actually make sense :D

[@iceyred6668]

Gwen 4th admendment University=+=sPrincetonY'U //nd.D

[@iceyred6668]

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[@iceyred6668]

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[@iceyred6668]

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[@iceyred6668]

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[@iceyred6668]

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