Private Capital Advisory Awards & Press
May
On pause: Inside private equity’s month of tariff turmoil
2 May 2025
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital discusses tariff war rooms, lobbying efforts and deal uncertainty with Private Equity News.
Read moreApril
Medal or miss? GPs step up to the CV platform
23 April 2025
Jeffrey Bollerman and Ash Rajah, Managing Director and Director at Raymond James | Cebile Capital speak to Real Deals on some of the current hurdles GPs are facing with the continued rise of CVs in the secondaries market.
Read moreMarch
Tariffs remain a risk but investors can ‘play the market sensibly’
18 March 2025
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital speaks to CNBC about the growth of private equity in private wealth, the merits of private equity allocations given recent public market volatility and the macro dynamics at play in the markets.
Watch hereVolatile Market Outlook with Sunaina Sinha
6 March 2025
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital speaks to Bloomberg about the market outlook with tariffs possibilities.
Watch hereMarch 2025 issue of Private Equity International
3 March 2025
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital appears in Private Equity International’s March 2025 issue, discussing private wealth and the continued preference for big-brand names.
Read moreFebruary
Secondaries in 2025: the outlook for fundraising, deals, and performance
3 February 2025
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, features in Preqin’s latest report, discussing the past, present, and future as the secondaries market gets off to a busy start.
Read moreJanuary
Sunaina Sinha on six private equity trends to watch this year
27 January 2025
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, shares her predictions for the private markets with Private Equity News, including six key trends to look out for in 2025.
Read moreBloomberg Masters in Business with Sunaina Sinha
7 January 2025
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, deep dives into her career in private equity, entrepreneurship, and leadership with Bloomberg Masters in Business.
Read moreSunaina Sinha named one of Twenty Most Influential in Secondaries 2025
6 January 2025
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, named one of Private Equity News’ most influential figures in secondaries.
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December
Pensions ramp co-investments in 2024 as sovereign fund activity cools
17 December 2024
Rush Harvey, Director at Raymond James | Cebile Capital, speaks to S&P Global Market Intelligence about private markets. He discusses how offering co-investment matters more than ever for GPs and LPs continue to be highly selective.
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Sunaina Sinha named one of WSJ’s 2024 Women to Watch in Private Equity
5 December 2024
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, named to the Wall Street Journal’s 2024 Women to Watch in Private Equity list.
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November
Simpson Thacher and HSF target Luxembourg in private equity push
26 November 2024
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks to the Financial Times about Luxemburg’s growing role as a gateway for private equity, as private wealth continues to penetrate the industry.
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Are semi-liquids more competitive on pricing? The answer is nuanced
14 November 2024
Jeffrey Bollerman, Managing Director at Raymond James | Cebile Capital, discusses the nuances of semi-liquid fund pricing in Secondaries Investor.
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WSJ Pro Private Equity's Special Report on Secondaries
4 November 2024
Jeffrey Bollerman, Managing Director at Raymond James | Cebile Capital, dives into how venture assets are pricing in the secondary market.
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October
How evergreen funds are taking root in the secondaries market
28 October 2024
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, discusses the growing trend of evergreen funds and their synergy with the secondaries market.
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Invest Europe Leader Interview with Sunaina Sinha Haldea
23 October 2024
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks to Invest Europe on the diversity in the private capital industry.
Watch here
India’s $20 Billion Deals Pipeline Lures Funds to PE-Held Stakes
6 October 2024
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, highlights the recent surge in secondary market activity in India, which is only set to continue.
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The Dynamics of Fundraising in Private Equity with Christian Bullitt
4 October 2024
Christian Bullitt, Managing Director at Raymond James | Cebile Capital, discusses the challenges facing private equity firms in today's fundraising environment, the critical role of operational excellence, and what Limited Partners are currently seeking in their PE partnerships.
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September
Cash-Hungry LPs’ New Mantra: Show Me the DPI
27 September 2024
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, discusses how LPs are prioritizing DPI over IRR in today's cash-strapped market.
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Sunaina Sinha Haldea on having it all, but not all at once
16 September 2024
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, discusses the choices and prioritization of women in finance, as well as the evolution of women in private equity over the years.
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Sunaina Sinha named one of Twenty Trailblazing Women in Private Equity
10 September 2024
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, is named one of Twenty Trailblazing Women in Private Equity for the second consecutive year.
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August
Raymond James’ Haldea on the state of private equity
29 August 2024
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks to Bloomberg on the state of private equity, including an outlook for fundraising, exits and distributions in 2025.
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Private-equity firms desperate for cash turn to a familiar trick
16 August 2024
Darius Craton, Director at Raymond James | Cebile Capital, speaks to the Wall Street Journal on the dearth of distributions in the market.
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Navigating the complex world of private equity secondaries
12 August 2024
Jeffrey Bollerman, Managing Director at Raymond James | Cebile Capital, speaks to the Morgan & Westfield podcast on the maturation of the secondaries market, the role of professional advisors, fierce competition among large, syndicated funds, and predictions for the future.
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July
Healthy outlook for PE secondaries for as long as fundraising remains tough
18 July 2024
Christian Bullitt, Managing Director at Raymond James | Cebile Capital, speaks to PE in a Pod about how the market is driven by the need to return liquidity to investors while M&A is hard.
June
Fundraising masterclass, with Sunaina Sinha
27 June 2024
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks to Fund Shack about today's challenging market for raising private capital funds and some smart strategies to surmount them.
Watch here
Orange county pension selects four advisors for its first-ever secondary sale
12 June 2024
Darius Craton, Director at Private Capital Advisory at Raymond James | Cebile Capital, discusses why private debt fundraising saw a seven-year low on the Private Debt Investor Podcast.
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Private equity Titans’ nerves on edge at lavish industry party
7 June 2024
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, discusses SuperReturn.
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Private credit fundraising continues downward trend
6 June 2024
Rush Harvey, Director, Private Capital Advisory at Raymond James | Cebile Capital speaks to 9fin on the private credit fundraising landscape and how there has been a flight to quality and to larger and more established GPs.
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Spin-out struggles: Inside the tough world of first-time funds
2 June 2024
Darius Craton, Director at Private Capital Advisory at Raymond James | Cebile Capital, speaks to Private Equity News on the struggles faced by spin-outs raising first-time funds.
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May
Hedge funds hit by lack of private equity exits
26 May 2024
Financial Times discusses the decline in private equity distribution affecting other alternatives allocations for institutional investors with Raymond James | Cebile Capital.
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Raymond James' Sunaina Sinha Haldea: There's more hope on the horizon for dealmaking
23 May 2024
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, joins 'Closing Bell Overtime' to talk private versus public markets, real estate investing, and more.
Watch here
UK economy escapes recession, Biden to impose tariffs on China EVs
10 May 2024
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks to Bloomberg on what matters for investors in Europe, giving insight before trading begins.
April
Private equity’s titans are told to cough up their own cash
18 April 2024
Bloomberg speaks to Darius Craton, Director at Private Capital Advisory at Raymond James | Cebile Capital, on the current liquidity squeeze heightening the competitive nature of the fundraising market.
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Why private debt fundraising saw a seven-year low
11 April 2024
Darius Craton, Director at Private Capital Advisory at Raymond James | Cebile Capital, discusses why private debt fundraising saw a seven-year low on the Private Debt Investor Podcast.
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Sunaina Sinha on the evolution of the secondary market
1 April 2024
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks to ION on the evolution of the secondary market.
March
Average discount of 2016-2019 vintage North American energy funds at 20%, estimates SecLink poll
22 March 2024
SecondaryLink speaks to Jeffrey Bollerman, Managing Director Private Capital Advisory at Raymond James | Cebile Capital, on the key drivers behind the discounts that energy funds are currently seeing.
Senior private equity figures share their tips for new joiners
18 March 2024
Senior private equity figures including Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, share their tips for people looking to join the private equity industry.
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The private-equity industry has a cash problem
14 March 2024
The Economist profiles Raymond James | Cebile Capital’s research on the DPI squeeze facing private equity.
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February
Private equity turns to new fundraising tactics in tough market
21 February 2024
The Financial Times speaks to Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, on how private equity is turning to deal-by-deal transactions amidst a tough fundraising market.
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Private equity returns plunge to global financial crisis levels
12 February 2024
Bloomberg features Raymond James | Cebile Capital’s market report showing private equity returns plunging.
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January
Stuck in a downturn, startups ghost investors
24 January 2024
Raymond James | Cebile Capital discusses secondaries directs and the outlook for 2024 with Bloomberg.
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The ops ‘n’ regs of wealth managers
22 January 2024
Amid traditional LPs maxing out their allocations, Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks with The Drawdown on how private equity looks to wealth managers to fill the gap, highlighting their distinct requirements.
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Private equity’s horrible, no-good ’23 set to continue into ’24
8 January 2024
Bloomberg discusses the outlook for private equity in 2024 with Raymond James | Cebile Capital, as they emphasize the importance of DPI to investors in this market environment.
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December
‘This can’t go on for much longer.’ Private equity’s deal lament
31 December 2023
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks to The Wall Street Journal on the clock inherent in private equity funds and the impetus for sponsors to access liquidity solutions for their portfolio companies to catalyse their fundraises.
Read more
14 predictions for venture capital in 2024
19 December 2023
Forbes discusses their predictions for VC in 2024 and the rise of VC secondaries with Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital.
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Private equity’s hunt for funds is pushing firms to middlemen
19 December 2023
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, discusses with Bloomberg the partnership between placement agents and GPs as the macro environment for fundraising remains challenged.
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50 most influential in private equity 2023
5 December 2023
For the second consecutive year, Private Equity News names Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, in the 50 Most Influential People in Private Equity list.
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September
Sneak peek: The twenty trailblazing women in private equity
25 September 2023
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, is named as one of the Twenty Trailblazing Women in Private Equity by Private Equity News.
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Fundraising trends in private equity
13 September 2023
Raymond James | Cebile Capital speaks with Financier Worldwide Magazine on fundraising trends in private equity.
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Sponsors turn to minority reinvestments as LPs hit secondaries limits
6 September 2023
Secondaries Investor speaks to Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, on how GPs have recently taken to exiting assets from their existing funds and reinvesting through the most recent vintage of their flagship fund.
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Sponsors turn to minority reinvestments as LPs hit secondaries limits
6 September 2023
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks with PE Hub Europe on how GPs are increasingly turning to innovative liquidity solutions for their investors in the absence of traditional exit channels.
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August
Fundraising headwinds persist as LPs hunt for more co-investments
23 August 2023
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks with Private Equity News about fresh signs of trouble on the fundraising circuit.
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Meet some of the SI 50’s top performers
17 August 2023
Raymond James | Cebile Capital is ranked one of the biggest secondaries capital-raisers over the last five years by Secondaries Investor.
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Private equity firms offer sweeteners to lure reluctant investors
7 August 2023
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital speaks with Financial Times on how GPs are increasingly offering fee-incentives and other favorable terms amidst a challenging fundraising.
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June
Private equity ‘green shoots’ for second half as clock ticks on deployment
8 June 2023
PE Hub Europe speaks to Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, on capital deployment and the current exit market amidst uncertainty over the direction of interest rates and valuations.
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May
GPs face the music: The new reality of ‘failed’ fundraise
10 May 2023
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks with Private Equity International on fundraising trends and how GPs are navigating through the current market.
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PE firms are attempting to navigate a barren M&A landscape, with trillions in capital ready to deploy. But where?
4 May 2023
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks with Global Finance Magazine about record-levels of dry powder and the current dealmaking environment.
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April
LPs to remain cautious amid economic upheaval
6 April 2023
Real Deals discusses Raymond James | Cebile Capital’s Private Markets Investor Survey which looks at Limited Partners' outlook and program for the rest of 2023.
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ESG slips down LP agendas amid economic turbulence
6 April 2023
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks with Private Equity News about the latest investor sentiment in private equity fundraising given market volatility and ongoing macro concerns.
Read more
March
Higher risk of burnout for women in finance
8 March 2023
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks on CNBC on International Women’s Day to discuss women in finance and private equity.
Watch video
February
Secondaries market remains resilient amid volatility
9 February 2023
Real Deals discusses Raymond James | Cebile Capital’s secondaries market survey amidst market volatility. Read more
Bloomberg Daybreak: Europe
7 February 2023
Bloomberg Daybreak features Raymond James | Cebile Capital’s thoughts on macroeconomics and its impact on institutional investor capital flows in the tech sector.
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Buyout firms rush to lock up cash in tough fundraising market
2 February 2023
Bloomberg showcases Raymond James | Cebile Capital fundraising duration data and expertise.
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January
IPEM interview with Sunaina Sinha
24 January 2023
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks with H/Advisors Maitland’s Kate Pledger at IPEM on how the macroeconomic landscape is impacting private equity portfolios, how PE investors are underwriting deals in this environment, and how the secondaries market can offer alternative liquidity solutions in 2023?
Watch video
Secondary heavyweights share their 2023 outlook
3 January 2023
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, shares her 2023 outlook with Private Equity News.
Read more
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November
Climb higher: Impact funds brace for harder times
2 November 2022
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks on trends in the sustainable fund environment with Real Deals.
Read more
World Business Report
2 November 2022
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks with BBC News on inflation and quantitative tightening in the UK.
Watch video
September
‘Scary’ market turmoil makes investors wary of UK private equity
30 September 2022
The Financial Times and Raymond James | Cebile Capital discuss views on UK private equity in light of recent market turmoil.
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August
5 ways to prepare yourself for a recession according to a financial expert
12 August 2022
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks with Forbes on 5 strategies to prepare for an economic downturn.
PE secondaries a growing liquidity source amid market dislocation
4 August 2022
The Fitch Ratings profiles Raymond James | Cebile Capital’s research on GP-led secondary deals.
July
Secondaries sees discounts where buyout GPs don't
29 July 2022
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, discusses the discrepancy between GPs’ Q2 2022 valuation marks and pricing in the secondary market for these funds with Buyouts.
Bloomberg Daybreak: Europe
27 July 2022
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, discusses investor sentiment and market developments with Bloomberg News.
Watch video
June
Selling to yourself: the private equity groups that buy companies they own
21 June 2022
The Financial Times profiles Raymond James | Cebile Capital’s research on GP-led secondary deals.
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May
Private equity in the context of inflation
27 May 2022
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, discusses private transactions and venture capital given the current macroeconomic background with CNBC Squawk Box.
Secondary pricing is decoupling from NAVs
03 May 2022
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, discusses secondaries pricing amidst recent volatility with Private Equity Wire.
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April
Record $130bn in secondary deals completed in 2021
29 April 2022
Private Equity Insider summarizes Raymond James | Cebile Capital’s H1 2022 Secondaries Outlook which finds market expectations for transaction volumes in 2022 to be similar to the record setting $130 billion in secondary deals completed in 2021. The report also finds the overall trend of an increasing proportion of GP-led deals has continued.
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Single-asset deals face tougher sell on secondary market
28 April 2022
The Wall Street Journal profiles Raymond James | Cebile Capital’s research on secondaries capital ear-marked for single asset GP-leds in 2022.
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Paying for co-investments gains acceptance among private-equity investors
25 April 2022
The Wall Street Journal profiles Raymond James | Cebile Capital research into co-investment and single asset continuation vehicle LPs.
PE and the Ukraine crisis
07 April 2022
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, discusses private equity and the Ukraine Crisis with Real Deals.
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March
5 simple ways to set your career up for success according to Sunaina Sinha Haldea
15 March 2022
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, shares practical pointers for professional development with Forbes.
February
Uncertainty creeps into secondaries pricing amid market volatility
24 February 2022
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, discusses secondaries pricing amid market volatility with Buyouts.
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Third-party valuations gain traction in single-asset secondary transactions
07 February 2022
Raymond James | Cebile Capital discusses valuations for single asset continuation funds with The Wall Street Journal.
January
Future predictions
28 January 2022
Raymond James | Cebile Capital is quoted in Real Deals discussing predictions for what will happen in the world of private equity, both in the not so distant future and in the years to come.
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More private-equity firms could explore strip sales in 2022
14 January 2022
The Wall Street Journal discusses strip sale dynamics in 2022 with Raymond James | Cebile Capital.
What’s ahead for private equity in 2022?
19 January 2022
Private Equity News predicts key private equity trends in 2022 with insight from Raymond James | Cebile Capital.
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GP-led transactions: the price is right
13 January 2022
Raymond James | Cebile Capital writes a feature for Private Funds CFO on the best practices for GPs to discharge conflict of interest and ensure best pricing on their GP-led transactions.
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Blockchain, Chief Data Officers, and fraud: here’s what the crystal ball predicts for 2022
03 January 2022
Raymond James | Cebile Capital’s prediction for the private equity secondaries market is featured in Fortune's Outlook for Dealmaking in 2022.
Secondaries players gear up for continuation fund rush
January 2022
Raymond James | Cebile Capital discusses the acceleration of GP-led secondaries with FundFire.
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December
Private equity groups spend $42bn buying companies from themselves
23 December 2021
Financial Times discusses continuation funds and the evolution in the private equity secondaries market with Raymond James | Cebile Capital.
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Conscious leadership and corporate purpose
14 December 2021
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, joins the DiverCity Podcast to discuss ESG, corporate purpose, mindful leadership and more.
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How LPs carve out allocations for impact
09 December 2021
With the rise of impact funds in private equity, Raymond James | Cebile Capital discusses how LPs think about impact allocations in their portfolios with New Private Markets.
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November
Corporates embrace secondaries strategies
18 November 2021
Raymond James | Cebile Capital discusses how secondaries transactions differ for corporates with Global Corporate Venturing.
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Private briefing strip sales offer early liquidity
November 2021
Raymond James | Cebile Capital is featured in an in depth discussion with The Deal on strip sales as an early liquidity option via GP-led processes.
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October
Conversation with Sunaina Sinha, Raymond James | Cebile
27 October 2021
Unquote profiles Raymond James | Cebile Capital on the evolution of the private capital advisory business, the immense benefits of working within a global investment banking platform, and the market outlook on both the fundraising and the continuation vehicle boom.
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September
Secondaries are booming – here are buyers’ most and least favored deal structures
20 September 2021
AltAssets Private Equity News covers Raymond James | Cebile Capital Secondaries Market Outlook Report on most favored transaction types in the industry.
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Secondary transaction volume poised to reach record USD100bn-plus by year end
20 September 2021
Private Equity Wire covers Raymond James | Cebile Capital Secondaries Market Outlook Report. Read more
Experts predict the future for secondaries
20 September 2021
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, shares her prediction for the secondaries market with Secondaries Investor.
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PE zombie funds reinvented for 'crown jewel' strategy
13 September 2021
Raymond James | Cebile Capital discusses the evolution of the single asset continuation vehicle strategy with S&P Global Market Intelligence.
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How women can get into private equity and venture capital
September 2021
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, speaks with Yola Robert on increasing diversity in private equity, secondaries and venture capital including a stimulating discussion on mental health and meditation.
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August
Macroeconomic trends and the fintech VC landscape
25 August 2021
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, joins Finovate to discuss secondaries market solutions for early investors in fintech unicorns, macroeconomic trends and more.
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June
Growth in the private equity market
28 June 2021
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, discusses the private equity industry and secondaries market with Cheddar News.
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In their own words with Cebile Capital’s Sunaina Sinha
06 June 2021
Sunaina Sinha, Global Head of Private Capital Advisory at Raymond James | Cebile Capital, shares her thoughts on the opportunities and challenges in the secondaries market with The Wall Street Journal.
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April
Fundraising fortunes: prevailing LP preferences persist
30 April 2021
Far from totally upending the private equity fundraising market, the past 12 months have instead turbocharged a number of pre-existing trends and offered extra clarity as to what LPs are hungry for in this new cycle. Cebile Capital is quoted in Unquote discussing this topic.
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Private equity likes sports, but do sports like private equity?
26 April 2021
Private equity has been piling into sports teams, leagues, broadcasting rights and competitions since the pandemic struck last year, but the new cash is not always welcome. Cebile Capital is quoted in Private Equity News addressing this topic.
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Cebile Capital’s Sunaina Sinha on shifts in LP sentiment
20 April 2021
Sunaina Sinha, Managing Partner at Cebile Capital, was featured on Private Equity Wire’s Tuesday Podcast, discussing Cebile’s recent LP Survey. Some of the survey’s findings included the way in which LPs have shifted their modus operandi in 2020, who the winners are in terms of allocation flow during the pandemic, and the fact that 51 per cent of LPs expect to increase commitments to private equity in 2021.
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Sunaina Sinha Haldea Is Smashing Private Equity’s Thick Glass Ceiling
12 April 2021
Sunaina Sinha Haldea, the managing partner at leading placement agent and secondary market advisor Cebile Capital, is chipping away at private equity’s thick glass ceiling and redefining what success looks like in this vitally important but poorly understood industry.
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March
Fundraising of Equita Private Debt Fund II continues and reaches Euro 131.5 million of total commitments
17 March 2021
Cebile Capital is delighted to have partnered with Equita, who today announced an additional closing of Equita Private Debt Fund II at EUR 131.5m
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Private equity closes more but smaller deals so far this year
15 March 2021
Private equity has closed more during the first two months of 2021 than the first two months of 2020, however, the deals have been smaller so far. Cebile Capital is quoted in Private Equity News addressing this topic.
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Private equity has closed more during the first two months of 2021 than the first two months of 2020, however, the deals have been smaller so far. Cebile Capital is quoted in Private Equity News addressing this topic.
Half of LPs are willing to commit to new GPs virtually
11 March 2021
Real Deals covers Cebile Capital’s Q1 2021 LP Survey which shows that many investors have adjusted to virtual settings, with 50% of LPs surveyed willing to make commitments on virtual commitments alone.
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Half of investors prepared to commit to a fund without in-person meetings
10 March 2021
Private Equity News covers Cebile Capital’s Q1 2021 LP Survey, which finds that half of LPs are now willing to make fund commitments based on virtual meetings alone.
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Majority of LPs happy to commit without in-person meeting – survey
09 March 2021
Unquote covers Cebile Capital’s Q1 2021 LP Survey, which finds that the majority of global LPs surveyed are looking positively at 2021 prospects and are eager to double down on private equity.
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February
Sunaina Sinha’s BBC News Appearance
02 February 2021
Sunaina Sinha spoke to BBC News about the business of vaccines.
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January
Secondaries’ digital revolution is no longer a moonshot
28 January 2021
The secondaries market could be brought into the digital age by Moonfare, a Berlin headquartered platform that allows individuals to invest in private funds.
Sunaina Sinha, Managing Partner at Cebile Capital, is quoted in Secondaries Investor, stating “What Moonfare has done is amalgamate stakes from across its investors and SPVs… [due to the cost], the secondaries market simply didn’t transact with individuals with very few exceptions.”
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Large Firms Drove Secondary Fundraising to a Record $76 Billion in 2020
15 January 2021
Sunaina Sinha, Managing Partner at Cebile Capital, is quoted in The Wall Street Journal discussing how a handful of large firms drove secondary fundraising to a record $76 Billion in 2020.
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The great divide: How Brexit will impact private equity
11 January 2021
How does Brexit impact private equity owned portfolio companies? Sunaina Sinha discusses the implications of the trade deal with Private Equity News
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After Covid: what’s ahead for private equity
07 January 2021
Sunaina Sinha, Managing Partner at Cebile Capital, is quoted in Private Equity News answering what’s next for private equity after Covid-19.
She stresses the growing importance of impact and diversity: “Impact and diversity will be a top theme for the industry in 2021. Impact investing is set to grow to a $100bn in total assets under management (AUM). The notion that impact investing and good returns are disparate has been dispelled by several GPs who have shown that they can do both.”
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What’s in store for North American and European secondaries in 2021?
07 January 2021
What’s in store for North American and European secondaries in 2021? Secondaries Investor features results from Cebile Capital’s secondaries survey to answer this question, stating that industry leaders expect secondaries volumes to bounce back, perhaps to record levels.
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What to expect from European private equity in 2021
05 January 2021
Private Equity International features Cebile Capital’s predictions for five themes that will set the European private equity agenda in 2021.
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December
Outlook positive for PE secondaries with USD61bn earmarked for 2021
31 December 2020
Private Equity Wire quotes Cebile Capital’s secondaries survey which finds that:
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“The outlook for demand in the private equity secondaries market throughout 2021 – and in particular, H1 2021 – is very strong, with buyers looking to deploy USD61 billion in 2021.”
How selling to yourself became private equity’s go-to deal
29 December 2020
The Financial Times quotes Cebile Capital’s secondaries survey and Sunaina Sinha on the surge in continuation vehicle GP-led transactions in the market.
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Sweet melody: How private equity is taking a slice of music’s digital future
07 December 2020
Private Equity firms are increasingly investing in music artists’ catalogues, streaming services, and live events.
Sunaina Sinha, Managing Partner of Cebile Capital, is quoted in Private Equity News, stating that music is increasingly attractive to private equity because steady royalty streams can be accurately calculated by PE firms on a cash yield basis. “In a yield-chasing world, interest rates of zero and risk assets getting pushed up, royalties from music are attractive,” she says.
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Rising private equity star on making it in the City as a woman in 2020
03 December 2020
Sunaina Sinha, Managing Partner at Cebile Capital, was interviewed by City AM about diversity and inclusion in the private equity industry.
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November
Smooth sailing
26 November 2020
As funds set sail, LPs and GPs are embracing technology to smoothen the journey.
Sunaina Sinha, Managing Partner at Cebile Capital, is quoted in Real Deals discussing the impact of technology on fundraising, stating that placement agents “are still there to do the heavy-lifting”, advising and creating a fund strategy, and “helping keep the momentum” – something not easily replicated on digital platforms
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Covid-19, oversubscribed funds fuel interest in early secondaries
19 November 2020
Early secondaries are tipped to become more plentiful in the coming months, as some LPs will want to offload undrawn liabilities while buyers look for alternative ways to get into oversubscribed, must-have funds
Sunaina Sinha, Managing Partner at Cebile Capital is quoted in Unquote discussing how oversubscribed funds are fuelling interest in early secondaries
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Hollyport backs US tech fund restructuring
16 November 2020
Secondaries Investor covers the Hollyport Capital backed GP-led transaction involving New Jersey-based tech investor Edison Partners and advised by Cebile Capital
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Carry rollover in GP-leds: 70% is the new normal
14 November 2020
Strong buyer demand is allowing terms of GP-led deals to become increasingly manager-friendly.
Sunaina Sinha, Managing Partner at Cebile Capital, speaking at Private Equity International’s Women in Private Equity Forum, is quoted in Secondaries Investor:
“Gone are the days when buyers would say, ‘100 percent has to be rolled into the continuation fund.’ We just completed two transactions where you have between 50 percent and 70 percent of the crystallised carry being rolled and the rest being taken off the table by the GP. [Seventy percent] is the new balance in the market.”
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Continuation funds: Get’em while they’re hot
12 November 2020
The secondaries market is more seller-friendly than ever, allowing sponsors to push terms that surprise even seasoned pros. This is unlikely to last.
Sunaina Sinha, Managing Partner at Cebile Capital is quoted in Secondaries Investor stating “Gone are the days when the buyers would say, ‘100 percent has to be rolled into the continuation fund,” adding that 50-70% was now the new normal.
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Cebile Capital completes GP-led Continuation Fund transaction for Edison Partners Fund VII
10 November 2020
Cebile Capital is proud to have completed a GP-led Continuation Fund transaction for Edison Partners Fund VII
Sunaina Sinha, Managing Partner at Cebile Capital, is quoted in Private Equity Wire, stating ““We are proud to have partnered with one of the leading technology managers in the US, Edison Partners, to extend the duration and provide additional follow-on capital to Fund VII while offering optional liquidity to limited partners. This transaction can serve as a valuable case study to tech GPs, demonstrating that there are liquidity and duration options available to them through GP-led fund secondaries.”
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Exclusive: Edison Partners rolls 10-year-old Fund VII into new vehicle through Hollyport Capital-led secondaries process
09 November 2020
Cebile Capital is proud to announce that Edison Partners has successfully rolled over its ten-year-old $249m Fund VII into a new continuation vehicle, with Hollyport Capital leading investment in the new fund through a secondaries process.
Sunaina Sinha, Managing Partner at Cebile Capital, is quoted in AltAssets News: “We are proud to have partnered with one of the leading technology managers in the US, Edison Partners, to extend the duration and provide additional follow-on capital to Fund VII while offering optional liquidity to limited partners. This transaction can serve as a valuable case study to tech GPs, demonstrating that there are liquidity and duration options available to them through GP-led fund secondaries.”
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DeA Capital Alternative Funds Closes Taste of Italy 2 Fundraising at EUR 330m
06 November 2020
Cebile Capital is proud to have assisted DeA Capital Alternative Funds SGR in the oversubscribed fundraising of Taste of Italy 2 at EUR 330 million!
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October
Fiscal stimulus is important for household balance sheets, strategist says
30 October 2020
Sunaina Sinha, Managing Partner at Cebile Capital, was back on CNBC Squawk Box for a review of markets, fiscal stimulus and balance sheets for companies, countries and households
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GP Workshop: How to market a fund successfully
29 October 2020
What is the best way for a GP to market a fund?
Sunaina Sinha, Managing Partner at Cebile Capital is quoted in Real Deals, answering this question:
“The best way to market a fund is to focus on relationship building with LPs early and before you need to ask them for capital. A long period of pre-marketing is critical to the velocity and volume of the funds raised when you do launch your fundraise. Ask for a warm introduction to an LP through another investor or through your placement agent. Touch base with that LP quarterly to keep them updated on your investment strategy, portfolio progression, team and exits”
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Cebile Capital closes GP-led continuation fund transaction for Method Advisors
14 October 2020
Real Deals covers Cebile Capital closing a GP-led continuation fund transaction for for two of Method Advisors fund-of-funds vehicles.
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Cebile Capital leads ~$100m GP-led restructuring of two Method Advisors’ fund-of-funds
14 October 2020
Cebile Capital is proud to have led a ~$100m GP-led restructuring of two Method Advisors’ fund-of-funds.
Covered in PE Hub Company, the deal allowed existing investors in the two fund-of-funds to cash out of their stakes in the pools while giving the GP more time to manage the underlying portfolios.
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Cebile Capital completes GP-led continuation fund transaction for two Method Advisors fund-of-funds
14 October 2020
Cebile Capital is proud to announce the closing of a GP-led continuation fund transaction for two Method Advisors’ fund-of-funds.
Sunaina Sinha, Managing Partner at Cebile Capital, is quoted in Private Equity Wire: ““We are proud to have partnered with one of the leading private equity fund-of-fund managers in the US, Method Advisors, to extend the durations for their two top decile portfolios. This transaction can serve as a valuable case study to fund of funds managers, demonstrating that there are liquidity and duration options available to them through GP-led fund restructurings.”
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Cebile Capital advises on $100m GP-led secondaries process for two Method Advisors funds of funds
13 October 2020
AltAssets Private Equity News covers Cebile Capital advising on a $100m GP-led secondaries process for two Method Advisors funds of funds
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September
Geopolitics hits private equity investment appetite for China
29 September 2020
Ongoing trade tensions between the U.S. and China, coupled with strong policy moves, have given private equity LPs pause and in some cases prompted divestiture of China holdings
Sunaina Sinha, Managing Partner at Cebile Capital is quoted in S&P Global discussing this pertinent issue.
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Equita wins the Private Debt Awards 2020 (AIFI and Deloitte) in the category “Closed transactions – Leverage buyout / Extraordinary transactions”
24 September 2020
Equita Private Debt, cleit of Cebile Capital, has won the AIFI – Associazione Italiana Private Equity, Venture Capital e Private Debt (Italian Association of PE, VC and PD players) Private Debt Award 2020 in the category Leverage Buyouts for its acquisition of Passione Unghie.
The deal has been selected among 12 deals of 7 PD funds, closed between January 1 and December 31 2019.
Passione Unghie is an online retailer of nail care products (nail polish, base coats and equipment and accessories for nail care) and Equita Private Debt Fund invested in the business alongside the Italian PE firm Orienta Partners
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Equita completed the first closing of Equita Private Debt Fund II at Euro 100 million
14 September 2020
Cebile Capital is delighted to have partnered with Equita on this successful first close.
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Hunger for secondaries capital strong post-Ardian, Lexington closes
08 September 2020
The 10 largest secondaries funds in the market are targeting a combined $50.05bn, roughly equivalent to the record amount raised in H1 2020. Sunaina Sinha, Managing Partner at Cebile Capital, is quoted in Secondaries Investor, explaining how covid-19 has proved beneficial to secondaries fundraising: “[The dislocations from covid] have forced LPs to think about how they are going to take advantage of the opportunity that has arisen. The secondaries market is an obvious allocation for them to either size up on or to start investing in. That’s why we have largely seen healthy fundraising statistics, albeit a bit delayed for some GPs given the logistics of fundraising via Zoom or Teams.”
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Going for gold
04 September 2020
Private equity fundraising figures are back on the up. Sunaina Sinha, Managing Partner at Cebile Capital, is quoted in Real Deals discussing the managers best positioned to benefit from the situation, the uptick in secondaries fund commitments, increased investor scrutiny, and more.
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LPs commit to PE despite uncertainty, but not all funds reap the benefits
04 September 2020
Limited partners continue to commit to private equity funds following the global spread of coronavirus, but not all managers have been beneficiaries. Sunaina Sinha, Managing Partner at Cebile Capital is quoted in S&P Global, stating that there is a “huge demand” for quality private equity general partners and, as such, the large-cap private equity market is a beneficiary of COVID-19.
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August
The ‘Fed put’ will continue to bolster risky assets, advisor says
03 August 2020
Sunaina Sinha is back on CNBC Squawk Box discuss the Fed put, the disparity between the real economy and financial assets and the outlook for markets.
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Can a solid operating platform provide much needed certainty in an increasingly uncertain world?
01 August 2020
Can a solid operating platform provide much needed certainty in an increasingly uncertain world? Cebile Capital is quoted in The Drawdown discussing this question.
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July
The point of… Paolo Pendenza, Head of Private Debt at Equita Capital SGR
27 July 2020
In turbulent times like these, private markets can provide immediate liquidity to support mid-sized companies in executing their growth plans.
Relatively new asset classes such as private debt provide new financing options to entrepreneurs as an alternative or complement to the traditional banking system.
Equita, raising its second private debt fund with a €200m target (EPD II), aims at supporting companies in Italy and DACH with €20-150m revenues, by investing alongside key PE players via senior unitranche and subordinate instruments
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UK fundraising update: pausing for breath
21 July 2020
Several Ireland- and UK-based GPs that closed their most recent funds over three years ago have delayed fundraises to later in 2020 or 2021, or have opted to explore new options entirely. Cebile Capital is discusses the status of UK fundraising.
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More firms decide to go fundless as coronavirus impacts fundraising
20 July 2020
The Covid-19 crisis has forced some firms to drop funds altogether. Cebile Capital is quoted in Private Equity News discussing the impact of coronavirus on private equity fundraising.
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Unquote Private Equity Podcast: Fundraising engine stalls
14 July 2020
How has Covid-19 stalled the fundraising engine? Although the pandemic has slowed down the fundraising process, numerous closes have been announced.
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Sunaina Sinha, Managing Partner at Cebile Capital, spoke with other specialists on Unquote’s Private Equity Podcast, addressing how fundraisers are faring on the (virtual) road.
Forbion holds first close for Growth Opportunities Fund
09 July 2020
Life-sciences-focused venture capital firm Forbion has held a first close on €185m for its Growth Opportunities Fund, which will focus on investments at a later stage than the firm’s previous vehicles in European biotech companies.
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Forbion Announces First Close of Forbion Growth Opportunities Fund at EUR 185 Million (USD 208 Million)
09 July 2020
Cebile Capital is delighted to have partnered with Forbion on this successful first close.
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June
Reputational risk, early secondaries help assuage LP default fears
19 June 2020
With the Covid-19 outbreak leading investors to suddenly reassess their exposure to private equity, some GPs have feared that a number of LPs could start defaulting on commitments. Cebile Capital addresses this pertinent question.
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Most LPs will increase commitments to distress, special situation funds: survey
17 June 2020
Cebile Capital’s new investor survey, covered in Buyouts, found that in light of the coronavirus crisis, 57% of investors surveyed will increase their allocations to distressed, turnaround and special situations funds.
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COVID-19 & Fund Secondaries – Impact on GP-led and other Transactions
16 June 2020
At eMUPET, this year’s digital conference held by P+P Pöllath + Partners, Sunaina Sinha, Managing Partner at Cebile Capital and Tarek Mardini, Partner at P+P Pöllath + Partners discussed the impact of COVID-19 on GP-led and other transactions.
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The Fed’s intervention is preventing a solvency crisis, strategist says
16 June 2020
Sunaina Sinha, Managing Partner at Cebile Capital, discusses the Fed’s intervention in the corporate bond market, and the impact on credit, equity and private equity investors on CNBC Squawk Box.
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Secondaries players weigh up risk and rewards of “ring-fencing” deals
15 June 2020
What are the risks and rewards of GP-led transactions isolating assets hardest hit by the Covid-19 crisis? Cebile Capital discusses the implications and challenges of these transactions.
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How buyers due diligence single-assets secondaries deals
11 June 2020
HarbourVest Partners, Adams Street Partners and Kirkland & Ellis shared their top tips in a recent webinar hosted by Cebile Capital
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LPs taking a more selective approach to new allocations
05 June 2020
LPs are focusing on managers that have demonstrated the ability to protect capital and add value during volatile market conditions, Cebile Capital’s new investor survey has found.
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May
Debut managers face dauting fundraising market
04 May 2020
Sunaina Sinha, Managing Partner at Cebile Capital, discusses the impact of the coronavirus crisis on debut funds and whether new teams are likely to launch funds
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April
GP Workshop: How to manage reputational risks during times of crisis
30 April 2020
How do we manage reputational risks during times of crisis? Sunaina Sinha, Managing Partner of Cebile Capital discusses the best way for any GP to come out of the covid19 crisis with their reputation intact
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Pay at buyout firms set to decline due to Covid-19
29 April 2020
Lower performance at portfolio companies is expected to be mirrored by falling compensation – as much as 15% in a year.
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Sunaina Sinha, Managing Partner Cebile Capital, discusses how general partners focused on the consumer and hospitality industries will be the most affected. As these sectors have felt the brunt of the effect from coronavirus-induced lockdowns, there will be a lack of lucrative exits in the near term that can drive carry.
Secondaries firms ready to put their foot on the gas as coronavirus sees pricing crumble
23 April 2020
Secondaries private equity firms are ready to put their foot on the gas in deploying capital as the coronavirus crisis creates a massive markdown in pricing, research from Cebile Capital suggests.
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It could take until 2022 before fundraising activity fully recovers
05 April 2020
Is the unfolding Covid-19 induced financial crisis creating problems for private equity funds currently out on the road fundraising? Sunaina Sinha, Managing Partner at Cebile Capital, discusses how in this environment, managers have to build in a longer period of pre-marketing into their timelines to account for the fact that many LPs will have a long list of GPs to diligence and will prioritise re-ups and existing relationships over new ones.
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Debut managers to face daunting fundraising market in 2020
04 April 2020
Sunaina Sinha, Managing Partner, Cebile Capital discusses how amid the coronavirus pandemic, debut managers are likely to face a challenging fundraising market in 2020.
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ILPA’s GP-leds guidance one year on
02 April 2020
The limited partner body’s guidance on GP-led fund restructurings is designed to create an industry standard for the execution of these deals, but how effective has it been in practice? Sunaina Sinha, Managing Partner at Cebile Capital, answers this question
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Majority of LPs put commitments on hold delaying fund closures – report
02 April 2020
GPs are negotiating amendments to limited partnership agreements relating to extensions of fundraising periods, according to Cebile Capital
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March
Sunaina Sinha, Managing Partner of Cebile Capital, discussing private equity markets on CNBC
31 March 2020
Sunaina Sinha, Managing Partner at Cebile Capital discusses on CNBC why private equity is sitting on the sidelines right now, how quality companies are taking advantage of liquidity in the market and the exit options available to GP’s
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January
And the Oscar goes to… the secondaries market in 2020
13 January 2020
Secondaries market competition will intensify to new highs, says Sunaina Sinha, Managing Partner at Cebile Capital, with at least 10 new entrants to the buyside this year.
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