As portfolio strategy and compositions evolve, institutional LPs frequently decide to sell one or more fund commitments in the secondary market. While fund GPs will often facilitate such transactions with due diligence support, the marketing effort is significant. Institutional investors are increasingly active buyers of such secondaries. Touchstone can help GPs use secondary sales to enhance their LP base. Our extensive relationships and database allow us to market secondary interests to both dedicated secondary funds and primary institutional LPs.
Co-investment/Independent Sponsor-led Deals
Co-investments and independent sponsor-led single transactions are an important tool in attracting primary capital commitments. We identify the most appropriate prospective investors for GP co-investments or for independent sponsor transactions. Our goal is to ensure that the GP or independent sponsor derives optimal economic benefit from these investors— on standalone economics, “stapled” with a primary commitment, or a combination.