Lauren King, co-head of the Firm’s Fund Transactions practice, was quoted in a WSJ Pro Private Equity article titled, “Secondary Buyers Seek Greater Control Over Investment Terms,” which detailed how secondary buyers are looking at ways to influence the governance rights in deals. When discussing what may be driving some of these governance efforts, Lauren noted, “Secondary buyers have seen some of the investments they've made linger, because there has not been a market for the sponsor to dispose of them. The lead investors have started seeking to add some protection that gives them a lever to pull as far as getting out or forcing the sponsor to initiate a process to sell the asset."~~To read the full article, please click here (subscription required).