Asset Management Partners Discuss Retailization, Secondaries in The Wall Street Journal Pro Private Equity

In The News
January 17, 2020

Asset management partner Michael Doherty and benefits partner Josh Lichtenstein were quoted in the cover story of WSJ Pro Private Equity’s January edition. The article examines the retailization of private equity funds.

Mike outlines how regulatory action by the SEC “could potentially be quite significant” for allowing retail investment in private equity, continuing to outline a number of potential platforms PE firms could consider for this. Josh provides insights on Intel Corp. case, which the industry is watching closely. Intel accused of breaching its fiduciary duty by offering private-equity funds and other alternative assets in company retirement plans.

In the same issue, WSJ Pro Private Equity examined how secondary buyers will be more selective in the deals they pursue as the industry heads into 2020 and the volume of assets hitting the market continues to swell. Remarks from asset management partner Isabel Dische are included in the piece, outlining how with the increasing popularity of single-asset deals, secondary buyers are teaming up. “For some of the larger deals you’ve seen consortia of three or four lead buyers actively working together,” said Isabel.