General Partner Advisory & Directs

GP ADVISORY, SECONDARIES & DIRECTS BY THE NUMBERS
  • Completed 10 restructurings / recapitalizations or stapled transactions totaling $3.5 billion, generating primary commitments of $875 million since 2012
  • Advised over $4.0 billion of direct advisory related transactions since 2012
  • Proud winner of PEI’s Secondary Advisor of the Year in Asia 2017
GP ADVISORY, SECONDARIES & DIRECTS OVERVIEW

Eaton Partners has a long history working with general partners to design, structure and execute successful transactions providing both liquidity for limited partners as well as new capital for sponsors.  As a fully integrated team into Eaton Partners’ broader businesses, the team actively engages with dedicated investors as well as more traditional LPs with an allocation to secondaries and directs.

GP FACILITATED TRANSACTIONS
Eaton Partners has executed successful transactions providing liquidity to limited partners in virtually every asset class and across many geographies attracting a broad mix of new limited partners including secondary funds, family offices, sovereign wealth funds as well as endowments, foundations and state pensions funds. As GP facilitated transaction volume continues to grow and become the preferred method for LP liquidity, the Eaton Partners’ team is uniquely positioned to execute these complex transactions as a result of their extensive backgrounds in principal investing.

DIRECT ADVISORY
Many traditional LP investors are increasing their allocation to direct investing and direct co-investing within the broad private alternatives asset class.  To address this growing trend Eaton Partners works actively with companies and financial sponsors to raise direct investment capital across a variety of industry sectors.  Transactions include minority and majority investments raising primary and/or secondary capital as well as fundless sponsor and 144A pre-IPO equity investments. 

Secondary Advisory and Directs Origination Team

Lyric Capital Partners
2019 Recap of a Music Royalty Co. with Additional Primary Commitments $350M
GLS Capital Fund I, LP
2019 Litigation Finance $350M
Project Comfort
2019 Direct Acquisition of a Plush Toy Company $204M
Project Song (Pending)
2018 (Pending) Restructuring of a Music Royalty Platform with Stapled Primary Commitment $115M
Trinitas Capital Management LLC
2018 Direct Private Placement $405M
Project Alpha
2018 Restructuring of a Chinese Biotech Fund $243M
Moorfield Real Estate Fund IV
2018 UK Value-Add Real Estate £220M
Hull Street Energy Partners I, LP
2018 U.S. Middle Market Power $167M
Lake Whillans Fund I
2018 Commercial Litigation Finance $130M
Project Sauce
2018 Restructuring of a US Middle - Market Buyout Fund $125M
First Infrastructure Capital, LP
2017 Direct Energy Infrastructure Investments $1B
Accesso Partners
2017 Secondary $238M
Project Albacore
2017 Recapitalization of a Portfolio of Direct Real Estate Interests $200M
Project Rooster
2017 Sale of GP Minority Interest $100M
Project Tiger
2016 Sale of a Cornerstone Investor in a European Real Estate Fund €230M
Project Legacy CDIB
2015 Sale of A Portfolio of LP Interests In US & Asian Buyout & Growth Funds With A Stapled Primary Commitment $337M
Energy Recapitalization and Restructuring Fund, LP
2011 Distressed Energy $703M
Landmark Equity Partners XIV, LP
2009 Secondaries $2B
Landmark Real Estate Fund, VI, LP
2009 Secondaries $720M
Partners Group Secondary, LP
2006 Secondary Fund of Funds €1B