In The Media

In a recent article, PEI highlighted key findings from Upwelling’s latest research report, “No Country for Old Funds“. PEI underscores that LPs benefit from selling tail-end funds early rather than holding them until they reach maturity. As noted in the article, “An LP that reinvests the proceeds into a first-quartile fund would see their portfolio […]

As continuation vehicles (“CVs”) become a mainstay of private equity, the market is responding: > LPs are more commonly participating as secondary investors.> Simultaneously, portfolio “black holes” are being left behind in legacy funds where portfolio companies have been transferred into CVs. We were pleased to see Upwelling’s research on this evolving dynamic featured in […]

Upwelling was pleased to have served as the transaction adviser to The Alaska Club and Partnership Capital Growth in the completion of a strategic debt investment by Backcast Partners Management, LLC, a leading provider of debt and equity capital for middle-market companies. Read the article here: Backcast Partners Provides Senior Secured Debt Investment to Support […]

Derek Minno (interviewer and author) — Derek has served as a GP in a domestic VC Fund; a GP in an international PE Fund, an LP in multiple PE and VC Funds, and a C-level executive in VC-backed companies. He is the President of Point Capital. Derek Minno developed a series of interviews with leading […]

There are multiple ways an LP can avoid having to take the last resort route of suing GP over return of paid-out carry. It’s never too early for LPs to engage with GPs on clawbacks (privateequityinternational.com)

Upwelling Capital Group (“Upwelling”) is delighted to announce the successful completion of a secondary sale on behalf of Brightwood Capital Advisors (“Brightwood”), a private credit firm. The sale, consisting of private credit assets, was purchased by Tikehau Capital (“Tikehau”), a global alternative asset management firm, for an undisclosed amount.  Upwelling was proud to serve as […]

Upwelling Capital Group LLC (“Upwelling”) is pleased to announce the completion of a structured liquidity solution (“SLS”) on behalf of a family office for an undisclosed amount. The SLS was provided by Felicitas Global Partners, LLC (“Felicitas”) through its third credit secondaries fund. With the continued evolution of the secondary market, Upwelling provides comprehensive liquidity […]

Albacore finds returns outlook shrouded in uncertainty. Plus: why NAV loans have dirty connotations; and subdued mid-market debt issuance in the US. Loan Note: Political outlook prevents clarity around prospects; LPs urged to tread carefully on NAV loans (privatedebtinvestor.com)

NAV loans are the dirtiest words in private equity, according to a report from Upwelling Capital. Side Letter: PE’s dirtiest words (privateequityinternational.com)