31 December 2020
Private Equity Wire quotes Cebile Capital’s secondaries survey which finds that:
“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.”
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.
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.
03 December 2020
Sunaina Sinha, Managing Partner at Cebile Capital, was interviewed by City AM about diversity and inclusion in the private equity industry.
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
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
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
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.”
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.
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.”
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.”
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!
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
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”
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.
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.
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.”
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
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.
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
14 September 2020
Cebile Capital is delighted to have partnered with Equita on this successful first close.
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.”
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
09 July 2020
Cebile Capital is delighted to have partnered with Forbion on this successful first close.
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.
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.
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.
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.
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.
11 June 2020
HarbourVest Partners, Adams Street Partners and Kirkland & Ellis shared their top tips in a recent webinar hosted by Cebile Capital
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.
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
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
29 April 2020
Lower performance at portfolio companies is expected to be mirrored by falling compensation – as much as 15% in a year.
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.
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.
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.
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.
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
02 April 2020
GPs are negotiating amendments to limited partnership agreements relating to extensions of fundraising periods, according to Cebile Capital
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
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.